Wealth Inequality In The United States

The United States is a capitalism nation, which is a normal phenomenon to have a wealth inequality. Otherwise, it would be a communism nation. However, when the wealth gap is too wide, there would be a big problem. In recent years, the wealth gap has expanded historically and unprecedentedly wide. The middle class and working class people start suffering. If the gap keeps expanding, the United States will be destroying by this economic issue. A better way describing this situation, The United State is having a cancer that cannot be exacerbate and has to cure. In order to find out how to shrink the inequality gap, we have to find out what causes the gap to expand. Sita Slavov wrote an article starting with the National Basketball Association,
Bernie Sanders’ campaign shows that America is the richest country but the wealth is controlled by a tiny portion of people, which causes the United states to have the highest child poverty rate among the developed nations. “Today, we live in the richest country in the history of the world, but that reality means little because much of that wealth is controlled by a tiny handful of individuals” (Sanders). Sander’s campaign shows a lot to statistic and data about the inequality, which create an image of the situation. The graphs his campaign showed are very important and lead us to think about the effect of the wide inequality gap. Those data can be used in my paper to show how bad is the situation when the gap is very wide. Also Sanders campaign has shown a set of solutions to the inequality which can also be used in my paper. One of the solution is to increase the federal minimum wages, in order to increase the circulation of the currency in the working class and middle class. That is way to cure America. Bernie Sanders and I are on the same page toward the
This chart is calculated by an Economist From New York university, Edward Wolff. It showed the top ten percent of people own seventy-seven percent of the United States and the bottom forty percent own nothing. In fact, “Wolff calculates that this bottom 40 percent actually has an overall negative net worth, which means that they owe more money than they own -- and they probably owe that money to somebody in that top five or 10 percent” (Ingraham). Christopher also referred to a report wrote by the Organization for Economic Co-operation and Development that shows America has the largest Wealth gap among other developing nations. He showed that we are owning nothing. How can we own nothing? This resource can provide me a huge amount of statistic data from a famous institute or a government organization that can increase the power of convincing my readers to believe the Inequality is