Economic inequality is the various measures of economic well being within individuals, among groups in a population and among other countries. Economic inequality can be related to characteristics such as their ethnic background, sexual preference, whether they have a disability or not, or even their gender. Throughout the past years there has been a significant increase of economic inequalities.
One of types of economic inequality is income inequality. Income inequality refers to the uneven distribution of income among a population. In the United States, the gap between the rich and everyone else has been growing significally within the last thirty years. An article by Joaqui, Moreira Salles states, “On average, today’s upper-income families
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Economic inequality effects democracy because the wealthy can give money to politicians, while the majority of us will have a difficult time financing campaigns. Another way economic inequality effects when it comes to democracy are because the wealthy are most likely to vote since they are better educated. Most of the wealthy political interests do not focus on economic inequality because they do not find it a problem. The wealthy focus on other ideas rather than the right to a political equality since they have greater influence over political …show more content…
By getting a better and more expand education, people can prepare themselves for better job opportunities and political interest. Raising minimum wage would be the ideal fix to economical inequality because it would index to the inflation; the cost of living would be affordable. The wealthy should get taxed more and get less tax breaks than the low-income families. By correcting political imbalanced, the lower class would be able to get their opinions heard and also get job security to protect the workers’. The Occupy Wall Street is a movement against social and economic inequality that has spoken up and fought for the people in the lower class. Their protests’ have addressed many high demands the poor and underprivileged have but can’t speak up for. Occupy Wall Street undergirded the protest “the 99 percent” which was lead due to the unfairness of the United States’ opportunities and unfairness of distribution of rewards. The protest stood for the inequality of wealth and income, student debts and the rise of tuition fees, and for better jobs. The inequality we face today was been by choice, which means we can make better choices to end all economic and political inequalities. Although Occupy Wall Street hasn’t accomplished to pass any new laws, it was using your voice to stand