Economic Inequality In America

The land of freedom, the United States, is the Promised Land for all. Its citizen can be much as prosperous as they want. Nonetheless, a phenomenon has occurred gradually that has changed the economy, social levels, income, and wealth of all Americans. This is called inequality. Inequality has become a social problem since people has not raised their voice take advantage of voting, large corporations as CEOs who take instead of give.

Depressions, wars, and other losses have contributed to the rising of inequality across America in the recent years. The middle and lower social classes have not recovered as quickly as the wealthier classes have. The rich continue to rise above the rest of the nation, continuing to increase the social gaps from the lower classes. Today inequality is what society is used to, and it will continue to get worse if this trend spreads, and is not

Edin and Skinner begin their article by explaining to their readers that income inequality is a prevalent and complex problem in America today. The authors also point out that although President Obama and several other Democrats have proposed legislative approaches, such as raising the minimum wage and taxing the rich, to combat this problem, it will take a long time for these proposals to become law due to the Republican-dominated Congress. Because the authors believe these laws will take too long to be put into

A major social problem in America today is its inequality of the distribution of income. "Income inequality refers to the gap between the rich and the poor. The United States has the most unequal income distribution in the industrialized world, and it is growing at a faster rate than any other industrialized country" (Eitzen & Leedham, pg. 37). The main reason as to why income is distributed so unequally is because of the gap between social classes.

Income Inequality in America is a problem that’s been going on for decades, and many feel that it hardly exists, the many people that feel that way are highly uneducated, and seem to not really care about this tremendous problem that in one’s eyes really has no end in the near future, in fact it has been gradually rising and one feels that it’s just not fair. Unfortunately, there’s not much that can be done, only of course if the poor class of people decide to actually educate themselves and get a higher education. One says poor class, simply because that’s how they’re classified. There are five types of levels that Americans are classified as, and they are: 1. Upper Class, 2. Upper Middle Class, 3. Middle Class, 4. Working Class, 5. Poor.

Wealth inequality in the United States has grown tremendously since 1970. The United States continuously reveals higher rates of inequality as a result of perpetual support for free market capitalism. The high rates of wealth inequality cause the growing financial crisis to persist, lower socio-economic mobility, increase national poverty, and have adverse effects on health and well being.

James Madison once stated inequality of the rich and poor predicament to be “evil” and believed that the government should avoid an “immoderate, and especially unmerited, accumulation of riches” (Johnston, 2016). As one of the founding fathers of our nation, James Madison had a concern about the separation between the rich and the poor. He felt the government should do what it could to avoid the separation, which one can infer that he meant for the government to tax the rich by a greater percentage, thus reducing the financial burden on the poor. A rift has always been present between the rich and the poor throughout history. Depending upon the job, the working class may or may not make enough to support a family. At this point, the

The gap between the rich and poor in the United States is constantly growing, due to the fact that minimum wage is low for the poor but not for the rich. The rich are getting richer and the poor are getting poorer. There is no gray area in this situation. According to A Project of The Institute for Policy Studies, “The top 0.1 percent is taking in over 184 times the income of the bottom 90 percent.” There

One of the social issues concerning power, status, and class in American society today is income inequality. The income gap between the social classes has increased drastically throughout the last few decades, creating a significant gap between the wealthy and the poor. This gap has become so large that the middle class has nearly diminished, creating a social class comprised of the rich and the poor. The significant gap between the two social classes is unhealthy for the economy because it provides too much power in the hands of those with high social status.

Income Inequality is a tough policy issue to tackle and relate to the texts the class has been assigned to read. This particular policy issue is rather difficult to give insight on because income inequality is widespread and immense, yet most of Washington and mainstream America will not address this critical matter in question that is happening all over the country. Beliefs are blinding the majority of America when it comes to how money is distributed throughout the social classes and minorities in this nation. Americans have a distorted view of how unequal the pay gap is between the top 20% and the bottom 40%, according to Nicholas Fitz (2015). For instance, in the first study done by Michael Dorton and Dan Ariely, 5,000 Americans guessed that the richest 20% own 59% of the wealth and the bottom 40% own 9% of the wealth (Fitz. 2015). Consequently, the actual statistics are that the top 20% own more than 84% of the wealth, whereas the bottom 40% own a scarce amount of the wealth of 0.3% (Fitz.2015). Elitist view of power, also, is another term that relates to this issue of income inequality due to how government in this country, with regards to how only a few people with power actually know economically, what is happening in America, leaving the majority of American citizens in the dark about how money flows and how discrimination of minorities is hindering their ability to earn livable wages (Fitz.2015). The Federal Poverty Level which is based on the amount of income

This paper researches and reviews the widening income gap in modern America, going into detail about the activist and non-activist viewpoints on this issue. Discussed is the impact it has on the economy, and the overall wellbeing of the country. Politicians of the political left and right’s opinions and actions they have taken are also touched upon, since it is a hot issue in the 2016 presidential election. Included is an in depth explanation of income inequality, and how it effects the American economy and the country as a whole.

Income Inequality is a major problem that has been going on in America for decades. Many people feel that it barely exists today, but those people are very uneducated and don’t really care about the huge problem in front of them the many people that feel that way are highly uneducated, and seem to not really care about which has been gradually increasing instead of decreasing. Unfortunately, there’s not much that can be done, only of course if the poor class of people decide to actually educate themselves and get a higher education. One says poor class, simply because that’s how they’re classified. There are five types of levels that Americans are classified as, and they are: Upper Class, Upper Middle Class, Middle Class, Working Class, Poor. The highest percentage of Americans fall in the Poor department, and it has been that way for decades, and will continue to be that way for decades to come.

In Robert Reich documentary “Inequality for All” he makes a compelling discussion about the serious crises that the United States faces due the widening economic gap. He looks to raise awareness of the U.S. economic gap between the rich and poor. According to Reich the widening divide in America is real and growing. Income levels at the middle and labor class is stagnant and are at it’s lowest levels compared to upper class incomes since the beginning of WWII and is growing wider each year. Reich suggests that the economy runs more smoothly when the middle class has jobs with fair wages, when unions are strong, and when middle class workers have some extra money to spend if possible when the government uses the tax policy properly and when it raises the minimum wage regularly to control the income gap between labor and management. In other words Reich argues that economically healthy middle and labor class equality is the foundation of a thriving economy and is necessary to maintaining a sound national infrastructure and educational system within

Income inequality has affected American citizens ever since the American Dream came to existence. The American Dream is centered around the concept of working hard and earning enough money to support a family, own a home, send children to college, and invest for retirement. Economic gains in income are one of the only possible ways to achieve enough wealth to fulfill the dream. Unfortunately, many people cannot achieve this dream due to low income. Income inequality refers to the uneven distribution of income and wealth between the social classes of American citizens. The United States has often experienced a rise in inequality as the rich become richer and the poor become poorer, increasing the unstable gap between the two classes. The

In other words, America has a widening gap between its wealthy and poor. As the rich get richer and the poor get poorer, there is a problem emerging: the disappearance of the middle class. Low-wage workers continue to fall behind those who make higher wages, and this only widens the gap between the two. There has been an economic boom in the United States, which has made the country more prosperous than it has ever been. That prosperity does not reach all people; it seems to only favor the rich. Rising economic segregation has taken away many opportunities for the poor to rise in America today. The poor may find that the economic boom has increased their income; however, as their income increase so does the prices they must for their living expenses (Dreier, Mollenkopf, & Swanstrom 19).