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Analysis Of The Film Inequality For All

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In the film, Inequality for All, we see how today’s economy is experiencing a difference in wage between the social classes. There is an enormous opening of income and wealth inequality in the U.S. as the wealthy people get more money and the poor people struggle for basic living standards. For example, in the year 2010, the usual 1% of people earn up to about 33 times more than the typical male employee. The film also explains how even in today’s economy, “the top 400 richest people have more wealth than the bottom 150 million Americans put together” (Inequality for All). The significant wealth of the U.S. is stable with the minority of people, contrasting with the period of the 1950s through 1980s. However in today’s economy, 70% of the U.S …show more content…

This allowed the middle class to pay for family income with flat wages since the men’s wages were not increasing. As we move towards the 90s, wages were still not improving and both men and woman worked even longer hours while possibly adding second or third jobs into their work life. Moving onwards from the late 90s, the middle class would make loans and use their houses as money. This is a problem into in today’s society because the wages of the middle class are not enough to pay off household …show more content…

Inequality can still happen in this state when there are situations where the law of one price is not held. When prices are not equal for everyone, people drive towards the low-wage companies in order to buy their needed goods, and preserve their wealth. Companies try to prevent the high cost of production in order to become successful, which is why many of them turn to other countries to produce their goods, affecting the inequality for all. Policy that I believe deals with the situation of inequality would be to improve taxes, the price of goods, and job opportunities. This may later on lead in a direction to that will make taxes fair for all people, consumer spending to be reasonable, and the majority of people having jobs, which result in equality for all. An equal distribution of income would not be wanted because a complete equality of income would not be wanted because a complete equality in revenue would not tolerate the economic growth. Inequality will always be present, but the space between the rich and poor would not rise. I would be willing to pay more for goods and services so I can raise more income for the middle

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In the article “Confronting Inequality” by Paul Krugman it explains how and why large changes between wages of wealth and the problems between the social classes. America's middle class in today’s society are exceeding their limits in effort to give their children opportunities many middle class parents did not have themselves. Ways that many middle class parents are doing this is by buying homes that they can't afford; this is so their children will be able to attend a good school. Another reason why middle class parent are doing this so that their children can have more opportunities to one day slow the growing gap between the wealthy and the poor. Another reason that inequality between the classes is important Krugman believes is because

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This simply meant the rich kept getting rich while the poor stayed poor (Hodgson 100-101). In addition, with technology advancement the need for experienced professionals increased. The type

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The upper class can buy and have what they want not the lower class. The lower class has to either walk to work, work more than two jobs to support their families, and maintain good health while the middle and upper class has their “basic needs” handed to them, pretty much. If I had to choose between one of the theories between principle of equal liberty and difference principle, it would be principle of equal liberty. It would be principle of equal liberty because everyone should be treated equally even if they are more poorer than others.

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In order to live equal, we have to revise the tax policy to where it fits everyone. The amount of money they take from the middle class it affects them. They have worked hard and cannot wait until “tax time” to receive their money. The market inequality also affects our society and has to be changed.

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Government plays a large part in the limitations of the lower and middle classes ability to succeed. In the movie “Inequality for All” directed by Jacob Kornbluth it is stated “Government sets the rules on how the market is structured”. Government funding can affect the economy and the success of the levels of the different classes. This is evidenced by the middle classes larger income equality that was seen in the 1940’s through 1970’s. During this period the government was investing in educating and as a result you saw increased prosperity of the middle class.

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As much as people hate to admit it, society and the world revolves around money. Whether someone wants to go to college, own a house, support a family, live luxurious etc all these things are dependent on wealth. So, knowing that the top one percent wealthiest people in the U.S owns more than the other ninety-nine percent combined is a little terrifying, and it’s partly due to the income inequality in the U.S. When there are people supporting their families on minimum wage and no one has taken action it’s time for a change. So, when it comes to the subject of wealth everyone will agree that is necessary to live. Where this consensus ends, however, is whether income inequality actually exists.

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