Normal distribution

Inequality in income can depend on what particular political system and what economic system a country uses. The three kinds of economies are the traditional economy, the command economy, and the market economy. Traditional economies are thought of as “old-fashioned” and “under-developed” resulting in little growth economically and therefore there are not many areas with this kind of economy that still exist. This type of economy is usually situated in rural areas. Farming and agriculture are…

Today people across the world are engaged in the pronounced discussion about inequality that undoubtable continue to create divisions among the human race. Notably, as time passes by, the economic gaps continue to widen, characterized by those that are continuously becoming prosperous and powerful, while others are held by a stagnated income and the ever raising economic pressure, whereas another lot is left behind in as they languish in the ever growing poverty, dependency, and hopelessness.…

Adam Smith said “No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.” Smith is saying that not every society is fair. There will be some people that are happy and some people that do not have as much. The gap between the rich and the poor is too large. If the rich were to give a little back or invest their money in businesses or other services it could help close that gap. The rich occupy a large amount of money and resources in…

Skylar discussed several statistical numbers throughout her article that explains the growing income inequality of individuals, particularly the wealth gap between the lower, middle, and upper class. For example, the top 1 percent of families has roughly the same amount of wealth as the bottom 95 percent. In terms of the direct economic relation between the average worker and the average CEO, it’s even worse. CEO’s on average because significantly more than the average worker as corporate…

I certainly think that the inequality of income and wealth is a social problem and it needs to be addressed. In the Wealth Inequality in America video we watched, it was stated that “the top 1% of America has 40% of all the nation’s wealth”. When the top 1% of the richest people in America have 40% of the total wealth of the nation, that is a problem. This is way beyond the point of the rich and wealth just living a luxurious lifestyle when they have 40% of the total wealth of the nation. I…

In his State of the Union Address, President Obama discussed an array of topics from diplomacy in Iran, relations with Cuba and the fight against ISIS. However; the president’s address seemed to have centered on the topic of income inequality and social mobility. With the struggle of economic and social equivalency between the rich, middle class and the poor being incredibly drastic from one another, there is no surprise that the topic of social inequalities was a sticking point to the…

Race and all of those things have inequality in their own way, but wealth is what needs to focus on rich stay rich poor stay poor. I realize you should think and consider others if America would fix this wealth problem and the distribution of it, we might could have a chance at making good and productive lives, who knows maybe even get to consider retirement .all of these things are just a few of the things I think about when it comes to the sociological imagination and the things…

Over the past few decades, China has become one of the fasted-growing political economics within the world. Although the rapid growth of economy brings out a lot of benefits to citizens, it has not reached all elements of the population. Due to the expanded of the economy, the rising wage gap in China has dramatically increased, and became a major social problem. In terms of most people awareness for this issue especially who are in the rich level, that caused the problem became an adaptive…

Wealth inequality, or the unequal distribution of wealth, is a heavily debated topic in the United States, a nation that, according to Inequality.org, “exhibits wider disparities of wealth between rich and poor than any other major developed nation.” To some, like Supreme Court Justice Louis Brandeis, “we can either have democracy in this country or we can have great wealth concentrated in the hands of a few, but we can’t have both;” to others, wealth equality is a form of socialism. The…

The Income and Wealth Inequality of America As a capitalist nation, the United State of America is facing a serious problem, which is the inequality of wealth and income. In pace with the growth of the economy, the rich people are getting richer and the poor people are getting poorer. The gap between the rich and poor is widening unprecedentedly fast. Why is that happening? Most of the rich people believe the strategy of trickle down economic. When their corporations earn money, and they can…