When someone says the haves, and have-nots, they are talking about the rich (haves) and the poor (have-nots). There are many reasons why people think there are haves and have-nots. “New technology has made many jobs obsolete, while creating dramatic opportunities for wealth in computers, finance, and media and entertainment” (Haves and Have-Nots: Income Inequality in America). In the household income of families in the United States, every single class except the upper class has been on a decline since
In order to tackle economic inequality in the United States, we must first establish that it is a problem that needs to be solved. American citizens currently live in one of the wealthiest nations in the history of the world, a feat only possible by the economic systems that are currently in place. But who benefits from this wealth? When the top one tenth of one percent owns almost as much as the bottom ninety percent, it is clear that our current economic systems are benefitting the prolifically wealthy. This wealth inequality extends beyond income, but includes; quality of health care, education, and political representation.
The Youtube video titled “Wealth inequality in America” that was shown in class provided a visual description of what our wealth gap looks like. I was absolutely appalled when the narrator stated that the the top 1% of wealth holds 40% of all wealth the bottom 40% only holds 7% of all wealth! He states, “Do you really think that a CEO is working 380 times harder than his average worker’s pay? Not his lowest paid employee, but the average earner in his company.” I found these statistics to be profound and it gives me an insight on how making it in this country is a little harder than I
One interesting thing the author notes is the wealth inequality in the United States. Even though “1% of the population own nearly half the wealth in the country the American dream persists” (Golash-Boza, pg. 269). People still believe that if you work hard you will succeed. At first glance, it’s clear that white people have a higher percentage of home ownership than any other race.
A new land where anyone would have the opportunity to become successful; that was the American dream. But it didn’t turn out that way, yes few people did but most of us didn’t. We live in a country where super rich people are leaving the rest of us behind. This is called income inequality; it has been uneven since 1970 and the gap between rich and poor has increased, making it unfair for people who didn’t have the same opportunity, and morally, economically and politically wrong. Income inequality is economically wrong when you compare the richest man of the country, Bill Gates, who gains over $50 billion, to a homeless person, who doesn’t make anything.
Numbers show that the American dream has become more or less simply a dream or myth. There is less equality of opportunity in the United States today than there is in Europe or any other developed country. For this reason America’s level of inequality is higher than any of the other advanced countries, and its gap with the rest has been growing larger in size. In
Income inequality doesn’t just stop at race. It is also quite apparent that there is financial discrimination against females in the workplace. Although we have improved as a country, gender income inequality remains a large issue today. The median income of male workers is $783 dollars less than it was 42 years ago. The median income of a female worker is $1,300 less than it was in
America has massive injustice in terms of income and wealth inequality America is the wealthiest country in the history of the world We don’t know that because most money is going to the top 1% America has the most wealth and income inequality than any other developed country in the world A handful of people have incomprihensable ammounts of wealth Giant Yachts Planes Tens of Billions of dollars which is more than enough for a thousand lifetimes Millions of people struggle to find money to go to a doctor, or buy a house or even food 1 family owns more wealth than the bottom 130 million Americans People talk about Morality and Justice Theres no justice when… The top one-tenth of one percent own as much wealth as the bottom 90 percent The United
We as the U.S the strongest power in the world has spent ourselves into a mountain of deft that I’m not sure even years of budget managing could get us out of. We have gotten ourselves just the way most households have gotten themselves into debt by grossly over sending. We as the U.S spend money we don’t have we think like most Americans we can just make more, or just make a interest payment, we no longer manufacture what we need to take care of ourselves, on a day to day basis. We buy from others much more than we sell. I think there is a problem globally.
Social Classes Social class is divided into six ladder rungs with the wealthiest on the top rung and poorest on the bottom rung, according to Joseph Kahl and Dennis Gilbert. This means that the wealthiest are the most powerful because they have money and the poorest or underclass has no chance of advancement up the ladder. There are truths to this picture of social class but looking at social class this way gives little hope to the parts of society that are in poverty of ever moving up the ladder (Henslin, 2014). “Today, the richest one percent of Americans earns nearly a quarter of the country’s income and control 40 percent of its wealth” (Wikibooks, 2015). People in this upper class have inherited their money from their relatives and have