Distribution of wealth

on, the UN would still use his name in their annual rankings of nations. "The Gini coefficient provides an index to measure inequality," says Antonio Cabrales, a professor of economics at University College London. It is a way of comparing how distribution of income in a society compares with a similar society in which everyone earned exactly the same amount. Inequality on the Gini scale is measured between 0, where everybody is equal, and 1, where all the country's…

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…

With a title like “The Upside of Income Inequality”, the article certainly got the attention it wanted. This article, written by Gary Becker and Kevin Murphy, outlined what the rising income inequality means for the United States. They propose that the rising income inequality stems mostly from the increase in the value of education, spiking in the 1980s. They state that this increase in value better helps minorities as women and African Americans are gaining more from college than men/Caucasian…

¬A wealth gap exists between the upper and lower income families. A person's wealth is based on the difference between his or her financial assets such as; a home, car, or businesses and also the amount of debts they have (Fry & Kochhar, 2015). To determine a person's wealth it is important to look at that individual's annual wages, interests, profits, and other sources of earnings (Fry & Kochhar, 2015). Some people debate if a tax should be placed on the wealth to redistribute wealth to a…

Income inequality is the unequal income brought in by people who hold the same position. This is based off of gender, education, or even a person’s social status (Investopedia). In the United States, income inequality can be seen in all fifty states (Sommeiller and Price). Not only is income inequality present in every state, but it has been seen in the federal government as taxes are based on income. Depending on how much a person makes, tax percentages can vary a person’s state or federal…

Toni Cade Bambara’s “The Lesson” is not about a teacher taking her students on a playful field trip to one of the most expensive toy stores and making them feel out of place, but it holds much deeper meaning and value. “The Lesson” holds up as a social interpretation about an African American girl’s struggle of her newly awareness of the economic inequality that surrounds her. The major theme of the story is to educate the young children exactly what life has to offer and to educate them on how…

Douglas Massey uses the conceptual “language of categorization” in his discussion of inequality. When he says “language of categorization”, he talks about stratification and layers. He suggests that categorization comes in a stratigraphical form. Massey subscribes to the stereotype content model. This model states that the population can be arranged on “independent axes of warmth and competence” (Massey, 11). This separation into groups suggests that only one type of group is good: the esteemed…

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 the main sources of income and because of this, the wealth is usually kept in the hand of a few selected individuals.1 In some cases, income in the form of currency, is absent completely and it is common to rely on trading and bartering.2 According to…

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.…

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…