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Analysis Of Inequality For All

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“Inequality for All" reveals our economics problems and cause of this problem. According to the film, 70 percent of the U.S economy is dependent on consumer spending and middle class is in the center of it. However, Reich stated in the film that middle class does not have the purchasing power it needs to keep economy strong. Through this film Reich explains many issues, causes, and solutions to inequality in America. Because of growth of wages and productivity had a gap since 1979’s, cone could tell that something have happened in order to be so. According to the movie, typical male workers made $48,302 and typical 1% made $393,682. However, in 2010, this gap increased tremendously where typical 1% made $1,101,089 and typical male workers made only $33,751. Second statistic from the video is that 400 richest people have more wealth than bottom 150 million Americans put together. Third statistic is that during the year of 2007, top 1% took home over 23% of income according to the movie. Fourth statistic is that one can assume median income of American to be $50,000 according to the movie. However, income of America’s one percent went up to $10,000,000. The reasons or above inequality gap are from the fact …show more content…

However, top 1% does not even get taxed close to middle class. Policies always favored them instead of middle class. Also top CEO’s get extensive amount and there pay has been controversial. In Economic booms, CEO pay skyrocketed. In the 90’s Clinton considered CEO pay to be core issue of his campaign in which he planned to remove corporate tax deductions for executive pay in excess of one million dollar a year. However, this had a negative effect where deregulation of Wall Street was present. This created more excessive behavior where companies began to move executive pay from salaries to stock options. This resulted in CEOs pay to be continuously to

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This left 32% of Americans living at the average income line of $2,000-$5,000 and the final 8% lived at the wealthy or above average line of over $5,000 (Doc 9). Although the United States had accumulated a substantial

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(1) In “America’s Wealth Gap ‘Unsustainable’ According to Harvard Study” (September 8th, 2014), Richard Valdmanis acknowledges THAT the economic gap between the richest and its middle and lower classes is accumulating and numerous people are affected by this dilemma. (2) Valdmanis supports his acknowledgement by referring to the study done by Harvard Business School on surveying the effects of the gap on people, economy, and institutions; moreover on how it affects the hope of thriving citizens and struggling citizens to their extremes. (3) Valdmanis’s motive is to present and describe the dilemmas and effects the economic gap has caused on the society and economy IN ORDER for the readers to recognize the crisis and get an idea of what is

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In the movie, Inequality for All, there are a lot of important facts and research about our American economy that has not been helpful for the middle class. It has been beneficial for the upper class on many different levels but it hurts the heart and soul of the American workforce which is again the middle class. Without the middle class there would be no upper class, the middle class is very essential to the American economy flowing smoothly. In this film, former United States secretary of labor Robert Reich travels across America looking for answers to what happened to our economy. Reich explains what America has been and become over the last one hundred years.

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He states that the top 20% of America’s rich population has accumulated 90% of our nations wealth. Mantises also says, that 1 in every 7 people live below the poverty line. My family is fortunately above the poverty line, but still struggles quite a bit. The American lifestyle in this article is portrayed by viewing many people, their jobs, income, family, what they do in their free time, etc. Many of the people who started off in higher class families, ending up having their own higher class family and vice versa when it comes to lower class families.

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In Robert Reich’s documentary “Inequality for All” he demonstrated a great balance of emotional and logical appeal, which resulted in getting his point across to the audience. Reich argued that America is a consumer-driven economy and for it to achieve the middleclass should have more purchasing power to keep the economy as strong as it once was. From the beginning of the documentary I began to trust him by examining that he has an honest and comedic personality. The part of the documentary that interest me the most was the comment that CEOs worry more how fat their pockets are rather than worry if they have enough employees and if those employees are paid correctly. Overall, I view Reich as someone who does not point fingers towards the

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The Youtube video titled “Wealth inequality in America” that was shown in class provided a visual description of what our wealth gap looks like. I was absolutely appalled when the narrator stated that the the top 1% of wealth holds 40% of all wealth the bottom 40% only holds 7% of all wealth! He states, “Do you really think that a CEO is working 380 times harder than his average worker’s pay? Not his lowest paid employee, but the average earner in his company.” I found these statistics to be profound and it gives me an insight on how making it in this country is a little harder than

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One of the arguments used is that we could regulate and tax the 1% income because that would be “fair” but these numbers show how harmful that way of thinking is. 18% of taxes for the “bottom” of the bracket which is around 20% of the U.S population.

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The main purpose of this article was to inform the reader about the “1%”. In other words, this essay was further explaining the meaning behind the title. The author, Stiglitz, started out saying that around 25 years ago the U.S richest were the 1% of americans and had 33% of the wealth. The main gist of this article is to inform the fault in the U.S democracy and to open the eyes of the reader and to be knowledged about the 1% of the richest and how they are “ruling” everything. The author also mentions how this problem will continue to get worse and says “an economy like America’s—is not likely to do well over the long haul”.

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Income inequality has affected Americans in many different ways. Americans are faced with making decisions that will determine how they will earn enough money to take care of their families as well as send their children to college and invest for retirement. In fact, many Americans have even lost their homes due to the change in their incomes. Regrettably, the American people cannot achieve what they once thought would be achievable. Income equality occurs when there is an uneven distribution of income and wealth between the social classes of American citizens.

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Based on the film, I would have to disagree with Robert Lerman. Wealth inequality is not overstated. Mr. Lerman made a point to consider with social security benefits to include healthcare insurance as a source of wealth; however, according to last week’s class material everyone receives different forms of welfare.

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Americans are embracing facts of inequalities and wage control, which has been a drawback in the American economy in the past, yet new policies have reduced inequalities by passing a law back in 2007 to raise wages, that is “Congress passed the first increase in the minimum wage within a decade” (574). That same embrace has the middle class preparing for the future by planning new strategies to educate their children about the dangers of debt to income ratio, gaps between social equality, and political power among the wealthy gaps. Also, unbalanced monetary stimulants, which have no power of motivation for some whom are after the American

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