Analysis Of Inequality For All

Decent Essays
Asia Lofton
February 7, 2017
Economics 101
Professor Ewen “Inequality for All” Reaction Paper From what I observed in the documentary film “Inequality for All”, I think that the economy is going downwards because everything being costly (like wars, taxes, keeping a house, cars, etc.) and the issues of income inequality. While we all work hard for everything we have and enjoy the fruits of labor, we all have to protect our reputations and stay out the dark side of the economy. Social classes like the working and middle class define an individual’s way of living. The 4 classes have an impact on how the American dream can be achieved through hard work, enthusiasm and determination. For these

Related Documents

  • Decent Essays

    An article by Neil Gilbert called The Inequality Hype talks about the inequality that we face today. It provides statistics by talking about a survey where seventy-six percent of the public believe that the rich are getting richer while the poor are getting poorer. About the same percentage was calculated in 1987 which means that for the last thirty years about three-fourths of the population believe that the two classes are separating from each other even more. I believe that this is true because in today’s society there is a huge division between those two classes and the middle classes is either staying the same or changing into the lower class because they cannot afford to pay taxes since the middle class is the class that pays more. For…

    • 224 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    The documentary Inequality for All by Robert Reich talks about inequality in America and how it comes about as well as factors that cause it to occur. In order to fully understand inequality, the documentary thoroughly analyzes how it comes about as well as its effects on the population. Clear connections and patterns are shown and talked about by Reich as we see how and why inequality in America is rising in wealth, taxes, debt, income, and many other vital areas. For starters, inequality as a whole is caused by numerous factors. Globalization and technology are one of the main contributors.…

    • 1064 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    Emma Soffler Mr. Nolan 27 October 2017 U.S. History 11H-4 Document Based Question: What Caused the Great Depression? Isaac Newton once said, “What goes up must come down.” Although Newton uses this to explain the laws of gravity, the quote is fitting for many different events. The economy, for example, is a cycle which continues to rise and fall throughout history. In the year 1929, the United States’ economy prospered tremendously.…

    • 1013 Words
    • 5 Pages
    Great Essays
  • Improved Essays

    Hillary vs. Bernie Everywhere we look, the middle class is squeezed out of existence by employers who shrink benefits and pay, eliminate jobs, fear-pressure their staff to work illegally without overtime pay. The redistribution of income to the top 1% continues unabated. Student loans in the US are choking our future. Medical bankruptcies darken the days of those who most need some light.…

    • 310 Words
    • 2 Pages
    Improved Essays
  • Decent Essays

    In Joseph E. Stiglitz's essay Rent Seeking and the Making of an Unequal Society, he talks about inequality and how drastic it has become. Inequality in society was made by the people that benefited from it. The inequality level in America isn't normal compared to other countries and even the past in America it is an unnatural inequality. This is very unusual even in a recession, the economy weakens and wages drop which causes the price of goods to drop. But now even with the wage drop, many firms are still making good money.…

    • 927 Words
    • 4 Pages
    Decent Essays
  • Improved Essays

    He provides credible information to describe the effect of social classes on the economy. First, he gathers data to show the shift of mindset about the American Dream. Then, he informs us how some values from the past are still intact.…

    • 940 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    In “The Upside of Income Inequality” Gary Becker and Kevin M. Murphy shed light on wealth gap, the reason behind it and the lesser thought perks it has. Throughout the article, the writers claim that it should be noted that inequality accord with being appreciative towards the return on investments made in human capital i.e. it rewards those who educate themselves more and are more adept and so is a positive catalyst toward the wage gap. According to me, the writers came across quite biased and ignorant. Though they did make some valid points regarding education and wage gap. It seemed as if they were quite determined to prove that education was the only reason behind the issue and disregarded important issues like unemployment, inherited wealth…

    • 1050 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    In the United States money is a representation of the amount of power that a specific individual possesses. In today’s society people are striving to live an average life opposed to living the “American Dream”. Recent studies have shown that there are more people living in America who believe that the idea of going from rags to riches is simply unachievable. The new representation of the “American Dream” is obtaining economic stability for the future. As a result of the rise of income and social inequality over the past few decades, many economists and scholars believe that the gap separating the wealthiest Americans from everyone else will continue to widen unless the United States government puts forth effort to reverse it.…

    • 722 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Inequality amongst society is quite obvious especially from the middle class and the rich individuals. Since World War II, the economy has been controlled from the prices of goods, quality of goods, and the number of people each company can hire. The rich do not spend that much from his or her incomes compared to the middle class and the poor. This explains why most of the money goes to the rich rather than the other classes. Consumers are declining, which means less people are getting hired and businesses are not expanding.…

    • 790 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Disability and the justification of inequality in American History by Douglas C. Baynton The main idea addressed by Douglas C. Baynton is that disability has never been a focused upon and its is often overlooked and used as a justification for inequality in American History. Disability is ignored and not questioned or treated as a cultural construct. It is viewed as personal tragedy, instead of something that produces social hierarchies. The author goes on to describe how disability functions to justify inequality for disabled persons, as well as for women and other minority groups.…

    • 894 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    Every country around the world has economic inequality within it. The income inequality encountered in the United States in ranked sixty four in the world. The economic inequality divided in the United States has a major impact on three factors: social class, education and power amongst the citizens. The economic inequality seen in “Parable of the Sower” by Octavia Butler reflects on how separation between poor, middle and rich class lead to a dystopian future. “Inequality for all” examines how economic inequality can impact social classes such as upper, middle and lower class.…

    • 1759 Words
    • 7 Pages
    Great Essays
  • Improved Essays

    America is experiencing a large gap in income inequality between the working class and the wealthy class. According to Derek Thompson, the new wealthy class, which is the top 1% of America population, holds nearly 40% of America’s wealth; while the new working and social class holds significantly less than 7%. There are opinions thinking that this gap is caused by the rich, who only think about their profits and don’t even care that America is having job a shortage or people are working low wage for several years. On the other hand, some blame the working and social class for their “immobility”, saying that they are not trying hard enough to climb out of the bottom while depending too much on the government subsidizes. Both opinions are true…

    • 1104 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    The movie that I have chosen to write about is called Inequality for All. It is about a former labor secretary Robert Reich. What he talks about is how economic and social consequences that may have played a part of the widening gap of the rich and the poor. I will be doing an editorial or review of this movie. In his wealth and poverty class at Berkley he talks about how the rich is getting richer and the poor is getting poor.…

    • 1032 Words
    • 5 Pages
    Superior Essays
  • Superior Essays

    In a capitalistic based economy such as the United States, it creates incomes that are small and large. Having an unequal amount of large or low incomes is called income inequality. Income inequality has become a major problem in the United States, increasing 24% from 1968 to 2012” (Cochran). The gap between the rich and the poor is growing at an ever increasing rate. In the United States the gap is measured by relative poverty, or “being below one-half the nations income” (Cochran).…

    • 1676 Words
    • 7 Pages
    Superior Essays
  • Improved Essays

    Journalist and author, Edward McClelland, writer of “RIP, the Middle Class: 1946-2013”, clearly believes that the American middle class is dying and that it should not happen. McClelland states “For the majority of human history—and in the majority of countries today—there have been only two classes: aristocracy and peasantry” (McClelland 550). He asserts that the middle class that flourished following the end of World War II has diminished since America’s first Great Recession in the 1980s and that our federal government is to blame for the decline because it withdrew its supervision of the economy and allowed global free trade (McClelland 550-555). He promotes his idea of the middle class through examples of its prime time when middle class thrived.…

    • 725 Words
    • 3 Pages
    Improved Essays