Define Economic Inequality

Inequality is simply differences between things and someone. Inequality is everywhere in society. Inequality can take place in many forms. When people hear inequality they instantly direct it towards racism and sexuality when in fact there those types of inequality aren’t always what people associate inequality with. One of the most unrecognized types of inequality is economic inequality. Economic inequality is a daily thing while people don’t think of it as economic inequality. Economic inequality is simply economic well-being that varies within groups of people. Economic inequality could be referred to as a type of wealth gap in society. Economic inequality can also be called social inequality that comes from stratification. Economic

It has become a prevalent feature pf the capitalist economy. Once economic inequality increases and money becomes seriously invested in the hands of some, this in returns becomes amass political power. This leads to a type of extortion over government policy, their domination of investment funds, careers, and the economic activity. These individuals manipulate their power to buy elected officials straightforward. A main political organizations dominated by Koch brothers blown over $100 million in 2014 for the election and ended up purchasing the most pro-fossil fuel industry, climate-denying in history. In 2016 they intended to spend $1 billion on the presidential election. This in turns leads to a cycle of where economic power becomes a political power. This gives the ability to change laws and some budgets just to create more wealth for the 1 percent at the top while the remanding 99 percent are left to pay the price of their power. With all this money being thrown into things like the elections they become more and less of importance to the rest of society. Political democracy is disintegrated by

We must collaborate, we mix up, and experiment. We as a society must learn by action and bring to the table an open mind. Most importantly for a solution, we must be prepared to create a new economic system. This can be seen as a come to light process. This provides the fairness that the United States was founded on. This, in turn, creates a pathway out of this abusive power of the 1 percent. The economic inequality originated due to war, labor, and degrade of the free market economic theory. This, in turn, led to the increase of the middle class and the downfall of inequality. Climate change has affected this as well due to affecting the poor heavily. The poor or lower class being farmers and crop workers. Climate such as droughts and floods have destroyed produce leading to the increase of prices of foods not only this but other climate- related effects. There seems to even be conflict within the 1 percent. This is called “old money” vs. “new money” divide. This is when the upper class who have inherited money and it has been passed down through generation do not respect the other upper class who have got in the upper class by the production of a grand invention, such as Steve Job who invented all Apple products. Although all these people control a big part of society and the government, they are still treated as an underclass person due to not having the ability to have the inheritance as the “old money” people