Wealth gap‚ which is also known as wealth inequality‚ according to Wealth Inequality | Inequality.org (2015)‚ refers to the unequal distribution of money and assets to residents of the United States. In other words‚ according to America’s wealth gap between middle-income and upper-income families is widest on record (2014‚ December 17)‚ the top 1 % of our nation’s population earns 80% of the United States income. Which means the remainder of that belongs to the middle and lower class. My take on
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1970s though‚ the economic inequality in the United States has been growing; the poor are getting poorer‚ the middle class is essentially disappearing‚ and the rich are getting much‚ much richer. This wide gap that divides the rich and poor doesn’t seem to be getting any narrower and in turn‚ it’s making it difficult for the people with less money to have the necessities that they need to support their families. Economic inequality is defined as “Income inequality refers
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(Cohen‚ 2016). It is a known fact that the more students are removed from the classroom‚ their academic abilities are lessened. Racial inequalities are still a reality within our schools. To avoid situations and disadvantages within school‚ white families will sometimes send their children to more white populated schools to avoid liability‚ which allows for more inequality (Bankston & Caldas‚ 2016). Opportunities are lost for minority children and some argue that African-American children should not
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In the opening minutes of the documentary Inequality for All‚ there is a clip of Jon Stewart showing how bad it really has become. The United States is below the countries like Iran‚ Cameroon and Nigeria in terms of income equality. We are ranked 64th as a nation in terms of the equality of income between the classes that the United States has. Robert Reich‚ is a professor at University of California-Berkeley and has worked for the Clinton administration as the United States Secretary of Labor; he
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Today’s teenagers appreciate the realistic way young people are represented in dystopian novels. The oppression the characters in the books experience is mirroring the oppression or inequality the readers face. Many dystopian novels display this sense of mirroring. The problems that the protagonists face are realistic for the readers‚ and while the books are set in the future‚ the stories are highly engaging. In an essay written by Chris Vails‚ he focuses on the MadAddam series‚ written by Margaret
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"Inequality for All" is very informative and persuasive documentary movie‚ produced by Robert Kornbluth and featuring Robert Reich‚ a professor of Public Policy at the University of California at Berkeley who was also a political appointee who served as the Secretary of Labor in the Clinton administration. The movie explains how extreme inequality in income and wealth is a major problem for our society‚ regardless of which political side you find yourself on. Using video outtakes from the lecture
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Final Paper Wealth Inequality in U.S. and Economic Efficiency Over the last decade‚ income inequality has become one of the most important issues in the U.S. and a subject of a lot of debate. There is a prevalent idea in the society that the wealth inequality in United States is currently at the highest level in the history after steadily raising for a number of decades. The financial crisis is said to have contributed to this significant gap between the top 1% and everybody else
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The United States is a capitalistic nation‚ which is a normal phenomenon to have a wealth inequality. Otherwise‚ it would be a communist nation. However‚ when the wealth gap is too wide‚ there would be a big problem‚ such as the working class people are not able to afford their shelters and foods. Capitalism is known as an economic and political system in which a country’s trade and industry are controlled by individuals rather than the government. In other words‚ capitalism is a system that the
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Does Inequality Matter? The economic gap here in the United States is a great deal wider than in any other rich democratic nation. Why is there such a difference here in the United States? The most important reason for economic inequality in the U.S. and not other countries is due to the United State ’s particular economic policies (Christopher Jencks‚ "Does Inequality Matter?" Daedalus Winter 2002). Let ’s look at economic policies of rich democracies that do not have such a huge economic
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There are many issues that we face as humans in the societies that we live in. Income inequality is a touchy subject for some. For most though‚ it’s a subject that needs to be discussed in our society today. Minority households in my opinion seem to suffer more from income inequality than Whites. We should all want to know what the problem is. I don’t think it’s because whites have all the better paying jobs than minority workers. From my understanding of information gathered women and minorities
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