The Income Inequality Debate

Improved Essays
Show More
After reading the “The Income Inequality Debate”, I started to think more about the financial situations that I am currently in and how I am preparing myself for the future. The videos were very informing on the topic and helped me actually visualize what was going on. The video “Wealth Inequality in America”, seemed like a more detailed version of “Is America Dreaming?: Understanding Social Mobility” so I got more from it while watching it. What stuck out most to me were the aspects of education and how it really influences those percentages. The very wealthy 1% on the chart also caught my interest and I expected there to be a higher percentage of people under the poverty line. It seems like the income inequality kept coming back to education.

Related Documents

  • Decent Essays

    David Leonhardt Income Inequality
    • 78 Words
    • 1 Pages

    David Leonhardt Income Inequality

    Income inequality is a concept describing the gap in financial standing between different social classes. This phenomenon is apparent in all societies, and had become a dominant fixture of the American financial landscape. In David Leonhardt's essay, he quotes economics professor Thomas Piketty, stating that “inequality is likely to continue increasing for decades.” However, Leonhardt argues that income inequality could be arrested by increasing access to education and creating tax policy that is aimed at the wealthiest…

    • 78 Words
    • 1 Pages
    Decent Essays
    Read More
  • Decent Essays

    The Wealth Inequality In America
    • 540 Words
    • 3 Pages

    The Wealth Inequality In America

    In analyzing the Wealth Inequality in America, there are three political approaches that can be used. All of the three approaches are categorized under political liberalism which emphasizes individualism. The first approach is libertarianism, the second approach is free market conservatism, and the third approached is liberal contractarianism. Libertarianism is a laissez fair approach to political liberalism that advocates minimal government intervention within the lives of its citizens.…

    • 540 Words
    • 3 Pages
    Decent Essays
    Read More
  • Great Essays

    The Upside Of Income Inequality Analysis
    • 1398 Words
    • 6 Pages

    The Upside Of Income Inequality Analysis

    There are always two sides to every argument. While reading “The Upside of Income Inequality” by Gary Becker and Kevin M. Murphy, and “Inequality Has Been Going On Forever… but That Doesn't Mean It's Inevitable” by David Leonhardt, I found many similarities and differences. Although Becker / Murphy and Leonhardt have written articles that are alike in their subject matter, each man responds differently to their views of income inequality. There are multiple examples as to how Leonhardt does this and the first example is found in the evidence he provided in his article. Leonhardt begins by sharing his thoughts about a book by Thomas Piketty called “Capital in the Twenty-First Century.”…

    • 1398 Words
    • 6 Pages
    Great Essays
    Read More
  • Improved Essays

    Wealth Inequality In America
    • 751 Words
    • 4 Pages

    Wealth Inequality In America

    On top of that, my father makes an income that puts him in the top 20%. My mother didn’t start making as much money as she does now until I was in high school, so I’ve always had the idea in my head that I was strictly middle class with both my parents working blue collar jobs. Average. Looking at the “Wealth Inequality in America” video I could see it laid out on paper how much I am financially better off than most people in this country. The revelation that the bottom 80% of the country only has 7% of the wealth struck me (Politizane).…

    • 751 Words
    • 4 Pages
    Improved Essays
    Read More
  • Superior Essays

    Wealth Inequality In America
    • 1421 Words
    • 6 Pages

    Wealth Inequality In America

    The continuing rise of economic inequality and wealth inequality in America is one of the biggest issues in the country. Currently the top five percent in America hold seventy-four percent of the country’s wealth, leaving the other ninety-five percent of Americans are struggling financially to survive. In this article, How Experts Would End Inequality if They Ran America, written by Stein, there are several different explanations on how to address the rising income inequality in the U.S., the four suggestions that I chose were written by Boushey, Azzerad, Tedeschi and Kelton. Boushey argues that universal access to child care will drive down the inequality within our country. Azzerad states that in order to combat the current rise in income…

    • 1421 Words
    • 6 Pages
    Superior Essays
    Read More
  • Superior Essays

    America Income Inequality
    • 2281 Words
    • 10 Pages

    America Income Inequality

    The United States is a country founded on ideals and unfulfilled aspirations of a perfect nation in which all are equal and no one group of people has too much power. Our history is filled with the constant struggle between fulfilling those ideals and maintaining status quo and allowing the nation to stagnate or regress allowing inequality to reign and certain groups to control the country. While our nation has struggled on this point it bears to ask whether real political and social change is actually possible in the United States, or if throughout our history and in our future we simply continue as we have since our nation was founded? While change has never come quietly and it often feels as though the journey is a constant one step forward…

    • 2281 Words
    • 10 Pages
    Superior Essays
    Read More
  • Improved Essays

    Income Inequality In America
    • 1104 Words
    • 5 Pages

    Income Inequality In America

    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
    Read More
  • Superior Essays

    Income Inequality In The United States
    • 1178 Words
    • 5 Pages

    Income Inequality In The United States

    There are many reasons for the growing income inequality gap in the United States of America. Research on the current state of the income distribution shows increasing inequality of the wealthy…

    • 1178 Words
    • 5 Pages
    Superior Essays
    Read More
  • Improved Essays

    Essay On Income Inequality In America
    • 651 Words
    • 3 Pages

    Essay On Income Inequality In America

    The share accruing to middle-income households was 43% in 2014, down substantially from 62% in 1970 … the majority of Americans, … are either rich or poor”. There are many speculated reasons why the wage gap has transitioned to this enormous difference, however, the most reasonable answer has to why is the increased influence and power of upper-class, particularly the top 1% of earners, among politicians. The middle-class slowly started disappearing around 1970, however, after around 1980 the gap started to vastly increase and has been skyrocketing…

    • 651 Words
    • 3 Pages
    Improved Essays
    Read More
  • Improved Essays

    Income Inequality In America
    • 1112 Words
    • 5 Pages

    Income Inequality In America

    Throughout time income inequality has existed throughout the world. Although, we as Americans have “equal rights and opportunities” to be as successful as the next person, it is difficult to achieve these things while not being paid and treated fairly. Income inequality refers to the extent to which income is distributed in an uneven manner among a population. In the United States there is a blatant income and social inequality. The reason being is that people in the United States have been so accustomed to the social norms of living comfortably with the wages they make.…

    • 1112 Words
    • 5 Pages
    Improved Essays
    Read More
  • Improved Essays

    Income Inequality In The United States
    • 1224 Words
    • 5 Pages

    Income Inequality In The United States

    Income inequality has been a progressively growing issue in the United States, even today. The problem dates back all the way to the Great Depression, although some researchers tend to think that it is older than that. The difference between the wealth of higher-income families and lower-income families has become a great issue. Many people, including our government, think that they know how they can fix it. They have tried time and time again to come up with solutions, yet we are still facing the same obstacle that we were almost one hundred years ago.…

    • 1224 Words
    • 5 Pages
    Improved Essays
    Read More
  • Improved Essays

    Analysis Of Income Inequality In The United States
    • 760 Words
    • 4 Pages

    Analysis Of Income Inequality In The United States

    There is a large gap between the working class and the upper class and it is continuously growing larger. In 1978, the typical member of the “one percent” made $345,380 more than the average male worker. By 2010, that had skyrocketed to $1,067,338 more than the average male worker. (Reich).…

    • 760 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Income Inequality
    • 1040 Words
    • 5 Pages

    Income Inequality

    I have never thought about the way wealth is distributed in the U.S. until you showed us the chart where it talked about how much the top 1% make compared to the rest of the U.S. the numbers were staggering. I would have never believed that a small amount of the population could account for so much of the wealth in the United States. This wasn’t even the worse; the gap between the rich and the working class just keeps on growing and growing. “The bottom 80% of the population combines for only 4.7% of the wealth compared to the next 20% of the population combines for 95.3% of the wealth.” (Gooch).…

    • 1040 Words
    • 5 Pages
    Improved Essays
    Read More
  • Superior Essays

    Essay On Wealth Inequality In America
    • 1247 Words
    • 5 Pages

    Essay On Wealth Inequality In America

    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?…

    • 1247 Words
    • 5 Pages
    Superior Essays
    Read More
  • Superior Essays

    Income Inequality In The United States
    • 1676 Words
    • 7 Pages

    Income Inequality In The United States

    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
    Read More

Related Topics

Ready To Get Started?
Discover
Company
Follow
©2024 Cram.com
Privacy Policy |  About Ads |  Site Map |  Advertise  | 
  • Cookie Settings