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
The trend of deflation intensified. The reason that nobody warned America of deflation was due to false prosperity. The 1920’s were called “the Roaring Twenties”, while mainstream culture at this time supported that it was a time better than anytime before then there were many misconceptions with masses of people at this time (Facts). America was very dependent on production and 42% of people were impoverished. Poverty in 1920’s America was defined by making less than a certain amount of money each year, which was determined by the government (BBC).
Especially in the Great Depression, were alcohol was even more wanted. Criminals would earn lots of money for illegally selling this to the consumers. (Document A) Criminals would be the only people having a good time during the Great Depression. In Prohibition the murder rates sky rocketed
People who were once ridiculed for their poverty were now fairly prosperous owning their own land but still found themselves inactive members of politics. They began to realize that the government was mostly controlled by the wealthy and mostly benefitted them. The 1824 presidential election results proved their sentiments even more because even though the War Hero of the West Andrew Jackson had the most electoral votes, the wealthy New Englander John Quincy Adams became President. When the next election came, the
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.
Donald Trump, a man who can only truly relate to the other 0.00004 percent of Americans he is in the same wealth percentile as- yes that’s four zeroes!- is currently demolishing the other Republican candidates. So why are the other candidates clinging to the coattails of a custom made jacket that could pay for my college tuition? People aren’t listening to Trump’s mouth, they’re listening to his wallet. Even though Trump stands for everything that would hurt the middle and lower classes- tax benefits for the wealthy, severely cutting funding for public education, etc- he is a whopping 28 percent ahead of his competitors, the closest of which is less than half that. Trump can afford to say whatever crazy statement pops into his head and people will still eat it up because he can buy the
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
People escape tyranny from their own governments to come to the United States to be used as cheap labor while under severe discrimination. Or global corporations making billions of dollars in profits, yet they neither pay taxes nor a decent salary to its hourly employees. To this day in history, the system still belongs to the ones at the top. Those who are perceived as weak or vulnerable could end up collaborating to the greatest cause without being fairly compensated. The arguable change is the access to equal opportunity across the board.