In the Documentary Inequality for All‚ scholar Robert Reich dissects the staggering facts on an unequal distribution of wealth between classes and its shattering effects on the American economy. He focuses on the fact that our middle class‚ which makes up 70% of our economy‚ is being kept on a tight leash from the wealthy that only make up the miniscule 1% of society‚ making the same amount of income as half of the country. He begins explaining how In the late 1970s inequality became a prominent
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the Youtube video “Watch Inequality in America‚” from the politizane channel‚ the video states that your everyday CEO makes 380 times more than their average worker. If you do the math‚ then the average employee would have to work over a month to make what the CEO makes in only one hour (2012). So‚ besides pay inequality what else is affecting the nation’s poverty? While it is true that a large reason for the staggering amount of poverty in America comes from pay inequality‚ it also comes from the
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Case 5-1 Income Smoothing a. Firstly‚ investors tend to invest in companies with stable earnings rather than one with volatile earnings. With stable earnings‚ there will be more likely an issuance of dividends and investors could easily predict the company’s future earnings compared to one with unstable earnings. With consistent earnings generated‚ it gives investors a secured feeling that it will again generate earnings as predicted. Confidence in the growth of rate of earnings is crucial because
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Inequality in Education Inequality is an unequal rewards or opportunities for different individuals within a group or groups within a society. Education is recognised as major social institution. However‚ inequality in education is linked to major problems in society. In education a key factor that influences a child ’s performance at school is social class. By going through Marxist and Functionalist perspectives‚ explanations for such inequalities can be understood. Difference in social background
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health Health Inequalities 1.1 Our much dated concept and measurement of health has generally focused on ill health form a physiological point of view. By the mid twentieth century‚ the health pictures had changed‚ people as a whole were no longer looked upon as disease ridden and ideas of positive health emerged. The WHO formulated its definition of health following the World War 2 during a period when the social health of societies was in question. The WHO exemplified the holistic model. According
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comprehensive income PURPOSE AND SCOPE .01 This Section establishes standards for reporting and display of comprehensive income. It does not address issues of recognition or measurement for comprehensive income and its components. .02 This Section does not apply to not-for-profit organizations (see FINANCIAL STATEMENT PRESENTATION BY NOT-FOR-PROFIT ORGANIZATIONS‚ Section 4400). DEFINITIONS .03 The following terms are used in this Section with the meanings specified: (a) Comprehensive income is the
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National Income Determination Introduction • A key objective of Macroeconomics is to explain GDP growth and its fluctuations • Therefore‚ need to understand the forces that determine GDP (“National Income”) • John Maynard Keynes in his “General Theory of Employment‚ Interest and Money” (1936) developed a model of income determination • Known as Keynesian Theory of Income Determination • Aggregate spending / demand determines the level of aggregate output Concepts and Functions Actual
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Social Inequality Unit 08 What is the relationship between social class and inequality? Learning targets: • There are class differences in life chances in the UK. • People from the lower social classes appear to be the victims of discrimination in the UK • Britain is seen as a meritocracy by many‚ but the evidence suggests that class inequalities are entrenched in our society. • There are those who believe that the social changes that have come about in
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The subject of inequality has been realized in many spheres of life. The education sector is not an exception. Educational inequality is the disparity seen in learning efficacy and results as encountered by students with varying backgrounds. Efficacy in education is mainly determined through test scores‚ grades‚ college entrance statistics‚ drop-our rates and the completion rates amongst learners in college. Most of the education inequality seen today comes from economic differences that usually
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INCOME TAX NOTES Residential Status and Incidence of Tax According to Section 5 of the Income Tax Act the scope of total Income of an assessee depends on his residential status.On the basis of residential status assessee are classified under the following two categories: 1. Resident 2. Non-resident. As per as resident individuals and Hindu Undivided Families are concerned‚ they can be further divided into two categories: 1. Ordinarily Resident 2. Not ordinarily Resident. Residential
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