Wealth distribution in the United States has been an increasingly popular topic amongst Americans and politicians in the last few years. The wealth distribution is grossly favored toward the top 10% of North American earners owned 75%, specifically, the top 1% is seen owning 40% of the United States’ wealth (Covert, 2014). Why is this so important to the overall wellbeing of our Economy? It is important to recognize because the wealth is nowhere near being evenly distributed. Supplementary, if the money is not being distributed to the larger population of earners (the middle and lower class) the money is not being spent on goods, resulting in lack of demand and unemployment. The top 10% can’t actually spend all the money they have, further, they invest their money and continue to benefit themselves and their families.
In a video I watched on YouTube, the author presents the data of the perception of 5,000 Americans, this was collected from a Harvard Business Professor and Economist. His findings were astonishing as Americans had a reasonable perception of how the wealth distribution ideally should be versus what they thought it was now (Politizane, 2012). Despairingly, shocking findings showed the differences between the surveyed perceptions of how wealth is distributed versus the actual wealth …show more content…
Additionally, criticisms from news reporters and political parties, have discouraged the president by way of ridicule and calling the attempt to change the dispersal of wealth “Class Warfare”. The President himself has backed away from his efforts for income equality and wants to find a way to broach the subject without it being considered or deemed “Class Warfare” (Zelizer, 2012). Well what the hell else do you call it? That is exactly what it is! As it should be. If wealth isn't distributed more evenly, it doesn't even need to be perfect, we would have supplementary economic
In a video I watched on YouTube, the author presents the data of the perception of 5,000 Americans, this was collected from a Harvard Business Professor and Economist. His findings were astonishing as Americans had a reasonable perception of how the wealth distribution ideally should be versus what they thought it was now (Politizane, 2012). Despairingly, shocking findings showed the differences between the surveyed perceptions of how wealth is distributed versus the actual wealth …show more content…
Additionally, criticisms from news reporters and political parties, have discouraged the president by way of ridicule and calling the attempt to change the dispersal of wealth “Class Warfare”. The President himself has backed away from his efforts for income equality and wants to find a way to broach the subject without it being considered or deemed “Class Warfare” (Zelizer, 2012). Well what the hell else do you call it? That is exactly what it is! As it should be. If wealth isn't distributed more evenly, it doesn't even need to be perfect, we would have supplementary economic