Does the Greatly Skewed Distribution of Wealth Amongst the Lower and Upper Classes of Society Cause Conflict? American citizens as a whole do not recognize exactly how greatly skewed money is distributed amongst the lower and upper classes, nor the problems and conflicts that come with this great amount of skewness. People argue that this uneven distribution contributes in keeping society functioning because people are unaware of this disproportional spread since there are not any grave conflicts that would cause them to need to become aware. The article, Wealth Inequality in America: It’s Worse Than You Think by Chris Mathews, instead states that the top two percent of the wealthiest people in America contain over half of the total overall
70% consumer spending is from the middle class according to Reich. They are actually benefiting the economy and unlike the top 1 all they do is save. I do believe that distribution and wealth is definitely unfair. It is only common sense. Why would you take more away from those who are barely making it?
Economic inequality is a severe and growing problem that needs to be addressed and fixed. The United States is currently the richest country in history; however, that title seems only nominal when in reality, much of that wealth is controlled by a small 1% of the country’s population. Even with the major technological advancements and the rising productivity in the country, most Americans are left to work longer hours for lower wages. The United States has the most unequal distribution of wealth and income out of all the developed nations today and continues to head toward greater inequality. Things have gotten so bad that even those at the top are speaking out; the richest man on Earth, Bill Gates, acknowledges the problem, "Yes, some level
Krugman writes, “the rich weren’t just getting richer; they were becoming a financial foreigner, creating their own country within a country, their own society within a society, and their economy within an economy.” 563. CEOs or people with an abundance amount of money can give money to politicians create laws or stop enforcing the laws to benefits the rich. Politicians who the Middle-Class and Lower-Class vote for favors the one that could help them and that’s the High-Class. Economic inequality is hurt the middle-class and the lower-class who already had a rough time getting a life. When the High-Class is becoming richer the Middle-Class and Lower-class become poorer it creates social Inequality.
As through stats, the increasing graduation rate of African Americans only reduces the racial wealth disparity between White Americans and African Americans by 1 percent (McElwee). Moreover, African Americans also seem to experience discrimination in the labor market after graduation that is not experienced by White Americans (McElwee). Therefore, restricting them from fully attaining the benefits that come with higher education to increase their wealth as they often find it hard to get employed due to racial biases and prejudice views that prevents them from gaining lots of opportunities within the job market. Further reiterating that education alone does not determine one’s wealth as there are certain factors such as discrimination within the racial wealth gap that continually leaves one group at a disadvantage while another continues to reap the
As stated earlier, students success will decrease and they will not learn to develop good habits like being resilient. Additionally, people who pay for their college degree are put at risk of losing their job opportunity to a person who got their college degree for free. Furthermore, free public colleges are not free for taxpayers because they pay for students enrolled in these programs, which can also be other people’s children, rather than their own. Free public college education hurts people rather than helping people. After researching this topic, I now realize that people like myself who go to public schools should be grateful for all the taxpayers that support our
Members of lower levels of poverty usually have a higher stigma of laziness attached to them. For example, there are programs in which poor families can receive grants and academic scholarships to receive a higher education and later get a job, but often, these advances are ignored. Multiple families who fall victims to poverty take little to no action to improve their condition. In addition to federal aid promoting a decline in responsibility, it also encourages laziness for people who receive it. For instance, if a person is receiving a cash aid from the government, it is more likely that they would not pursue more money elsewhere.
With higher free education doesn’t only bring benefits to students but can bring disadvantages which can lead students to take college less seriously, state budgets can become strained, and won’t help in the U.S’s social mobility. Colleges are made up by hard working people who try to
AI is taking jobs from the poor and creating a larger chasm between the rich and the poor. Also, that AI is inefficient because of its inability to feel or think for itself it is just an algorithm. These two opinions are what caused this argument in the first place the poor feeling that their jobs are being taken away and the other feeling like it is the cheapest and most inexpensive choice and creating new jobs that are higher paying for those people let go. The First opinion though will be the most beneficially to me while writing this paper and confronting the idea that AI is harming the workforce. The Sources I have found articles from Newsweek New America, Project Syndicate Washington Post all found on a database based on research.
Since, we have begun record keeping, statistics show the rich controlling increasing amounts of the total income. The only two discrepancies being global catastrophes--The Bubonic Plague and World War II-- the only reason being economy-wide setbacks putting everyone on much more even playing fields. Given the
This is a simple thing that could reduce the cost of college for students greatly. Another way to reduce the price of college is to give more need based loans and scholarships. Coles says that students who have the greatest need do not receive enough or any support for college. Many loans and scholarships that are given are merit-based, given to students who do well in high school, but may not actually need money to pay for college. If we can reduce these merit based loans we could increase the number of need-based loans and thus make college more affordable to the low-class families, who actually need help paying for
If we do increase taxes on the rich, how will we define them? Some of you will be considered rich because of your college funds in the bank. And you will lose half of it. In addition if we tax the rich, the nation’s economy will crash. But you do not have to lose half your college fund, or ruin America.
The problem of income inequality is not something new, but it is something that people must worry about because it is affecting not only our wallets, but our communities as a whole. I agree on the author’s point of view about income inequality in the United States his position is very similar to another Robert Reich documentary called “Inequality for all” where he mentions all the aspects that brought United States economic system to a hold just to help a fraction of all population one of those systems was education where before the nineteen eighties it was cheaper to go to college than nowadays or the fact that workers were pay almost the same as any other for their sacrifice . Going back to the video on debate he mentions how policies changed
Therefore, the upperclassman gets the benefits of being taxed less and the opportunity to get a solid college education to help seeking up higher positions unlike the lowerclassmen. As of result, the problem of inequality of income between the lower and upper classes has diminished the opportunity of achieving the "American Dream" for some people. Therefore, income inequality is one of the main reasons why it impairs the “American Dream. Not only the “American Dream” is impaired by income inequality, it is also the problem of Americans’ lack of understanding of what the “American Dream” truly stands for. According to the Declaration of Independence, the true meaning of the “American Dream” is defined in this statement “that all men are created equal, that they are endowed by their creator with certain unalienable rights that among these are Life, Liberty and the pursuit of Happiness.” This statement represents that the “American Dream” focuses more on promoting the free-will of choice without being restricted by the government.