Nowadays, USA is a strongest and most powerful country in world economies. Moreover, America is able to control the economy in the world through their economic strengths. If we use money to determine the wealthy of one country, USA is always on the top of the world. According to the numbers were reckoned up, The International Monetary Fund (IMF) announced that America is the most moneyed country ( Nuoc nao giau nhat the gioi 2015, 2015.).
America prides itself on being one of the most effective democratically governed counties. The idea of the American dream is that all people have equivalent political freedoms and a responsive government. However the effectiveness of social equality is being threatened by increasing inequality in the United States. Economic inequality in the US has expanded drastically. The wealth gap has had drastic changes over the past 35 years. What’s more, specifically, the rich have gotten a lot richer. Almost everybody who talk about it says that economic inequality must be reduced.
Income inequality is a global issue that need to be addressed and is a threat to the individuals or household with low income. In today’s world the rich are becoming rich while the poor are deteriorating and going below the poverty line. To me, imposing high income taxes would not bring an immediate solution only that, it accelerates the burden. Because the higher the tax rate, the higher the rate of poverty subjected to the low income individuals. Due to that, the government should provide quality education to the citizens so that they become self-reliant in the future and experience high living standards. Moreover, the government should create more job opportunities so that all citizens should have weekly paychecks thus boost household income.
Income inequality has affected Americans in many different ways. Americans are faced with making decisions that will determine how they will earn enough money to take care of their families as well as send their children to college and invest for retirement. In fact, many Americans have even lost their homes due to the change in their incomes. Regrettably, the American people cannot achieve what they once thought would be achievable. Income equality occurs when there is an uneven distribution of income and wealth between the social classes of American citizens. Additionally, the rich get richer and the poor get poorer and the result is an unstable gap between the rich and the poor.
Monetary imbalance doesn't exist, isn't as terrible as you think, or is good for everybody is what most defenders of the economic status would argue. Despite the observational confirmation that the divide between the rich and the working class is continuing to grow and that the pattern is voiding out the middle class, as well as correspondent to both 1930’s stock market crash and the Recession of 2008. Economic status defenders neglect to understand that it is only a brief timeframe before we face another money monetary crisis. It is critical that we learn and teach our present and future generation the historical backdrop of financial disparity to prevent them from confronting emergency.
Social stratification has been a part of society for thousands of years and has yet to dissipate. It is prevalent on the micro and macro level and has been a part of various societies and cultures ranging from the united states all the way to India. Social Stratification, "is a system of inequality that takes into account the differences among individual members of a society and ranks them by their wealth, power, prestige, and ascribed status, thus creating a social hierarchy" (Larkin, 2015, para. 5). The organizing principles of social stratification are class, gender, and race. The caste, slavery, and class system are all products of social stratification and have been seen throughout history. Social stratification goes beyond the
The article includes important issues which covered the higher tax rates in many countries. One issue that was brought up was the argument between the two economists, over the United States higher that even Democrats’ boldest plan to increase taxes on the wealthy would do little to reverse the rich’s gains. On the other hand, many of the Republican tax proposals on the table might increase income inequality. Also, the United States has had higher tax rates without stifling growth or encouraging the concentration of income in the hands of the very rich. Lastly, the United States is being accustomed to a level of inequality. Research done by Emmanuel Saez and Thomas Piketty has shown that inequality among the middle class and the rich is nearly as acute as it was before the Great Depression.
One problem that I believe is of utmost importance is social inequality. There are many different forms of social inequality in America. Through getting a degree in political science at your university, I plan to work to solve these problems facing America’s society.
Normally it’s during the economic expansion that follows a recession that workers make wage gains which hopefully leave them better off than before the recession started. But examining trends throughout economic recoveries in the postwar era demonstrates a startling pattern in which the top 1 percent is capturing a larger and larger fraction of the income growth. Between 1949 and 2012 there have been 10 economic expansions, with four occurring since 1979.
Every day in the United States of America, it is estimated that over thirty five thousand people are arrested. Charges vary from small traffic violations to very serious offenses such as rape, burglary, and murder. People of all ages, all races and both genders are taken into police custody and charged with these crimes. At least that is what the government wants you to believe. They say that we live in an equal society, where every race and ethnicity are treated as equal, however, the rapid growth of violence towards minorities by police officers continues each day.
Many would argue that society’s high poverty and unemployment rates are branched from individual failure. It’s believed to be because of the schools in urban communities are failing to properly educate our children. Social class, the haves and have not’s are reasoning for the economic disparity in American. Some individuals are more fortunate than others.
There are above average and below average graphically have lined-up on the recent graphs. The marginal comparison has shown according to the existing level of financial reports. Economic inequality in the U.S. has been differentiated widely based on the income level of every state. If the state has been generated more income and accumulate financial stability, then, the financial distribution among the citizens of that state will be fair. For example, in New York, their income has been accumulated above the average per capita, because of increasing businesses and other private sectors that have generate shared-income. It’s really obvious, if the state has generated income below the average per capita, because the listed income will be seen graphically imbalance. One factor that might be considered the inequality of economic state in the U.S. are the economic recessions, the increase of unemployment, under minimum wages, and bargaining trade among private businesses and other industries.
Racism may be steered towards a certain race now in America, but it makes an impact on people all over the country. The topic of social inequality is important to bring awareness to as it not only affects teens in modern America, but changes society’s views of tolerance and acceptance, and impacts how author’s influence readers about the topic. Racism is once again a popular topic in this country and is getting worse than it was before. Racism has turned into killing of black man and police officers. This is resulting in violent protesting.
In short, the social structure such as terms of employment or tax systems, bring about the present American economic inequality. There is interaction between social structure and economic inequality. If one of them get worse, the another will also be aggravated. The government should carry out the policy to reform the whole American society paying attention to all consistent of America, not only improve superficial part of
Income inequality has grown significantly during this past decades and this phenomenon continues to increase over the years. This problem is constantly discussed in the daily news all around the world. Several consequences of this increase of inequality between people leads to economic problems such as high unemployment rates, lack of work for young people, fall of demand for certain product. The gap between rich and poor is increasing, the rich are richer and the poor are poorer as a result politicians and economists try to adopt certain policies in order to reduce this gap. The United States exhibits a wide difference of wealth distribution between rich and poor people, which is larger than any other major developed country.