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What Is Income Inequality In America?

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Throughout the history of the United States, there were always problems that seemed to be unsolvable at that point, but America fought to overcome those dilemmas and as we can see today its independent, rules by the highest and the most powerful source of law- Constitution, there is no slavery, segregation, and women gained their rights. There is no country that is ideal, each country has its flaws and America is not exception, but is willing to act on it and modify itself. One of the biggest problems that citizens are faced with is income inequality that highly increased over years. It is putting the same energy and time but receiving different amount of money for the same type of job, this unfairness teaches peoples how to survive by using …show more content…

Karl Marx who was an economist, during 19th century established an idea between wealthy and rich. According to “Three Great Economists”, Karl Marx believes that “the class struggle itself, expressed as the contest over wages and profits, would be the main force for changing capitalism and eventually undoing it” (33). Here Marx shows that there will always be difference between classes in capitalism and the only technique can be use to change this concept is to ruin a capitalism. This shows that income inequality is something we cannot fight with in capitalism, because no matter what we do we always will have this problem. People will always want more, and some will achieve it and other won’t. Income inequality comes from competitions between companies once that are flourishing and able to pay its workers higher salaries than others. People are working because they need money and many people are not choosing profession they are very inspired by or have great skills for, but rather the job that is bringing more money. Marx would not agree with this idea, he wanted people to use their skills to help community to expand and each person to have an impact on …show more content…

Of course as time goes on new problem arise, and today this problem is income inequality. People are desperate, hoping for the best future, but don’t know where to get help from. It became widely known that rich people becoming richer and poor become poorer. We don’t have a balance between low and high, middle class dissolves in the crowd and this will exist until we have a capitalism

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According to Pew Research Center (2015), wealth gap between upper income earning people and the rest of the Americans was the widest on record. For example the center in a report of 2013, found that the net worth of the country’s upper-income households and nearly 70 times that of lower income earning families. 2. How relevant is Marx today--after all he died in the l880 's?

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When envisioned, many imagine America as the land of opportunity and freedom. However, America isn't all that it's cracked up to be. Most people are barely skating by, some are well off and thriving, but very few have wealth and riches. Living with the economics of America, Americans bond each other in circumstances that are not beneficial so that they may stay or remain at the top and watch when others are trampled over as if their hands are tied. America has many faults as its history is filled with events that display exploitation of its citizens and others around them.

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Income Inequality Income Inequality or “wage gap” is a big topic for freedom fighters and liberals for the simple fact that it isn’t equal for everyone. Because the wage gap is so prominent it's one of the biggest “facts” that discrimination is still apart of everyday American society. The wage gap from these radical interest groups think the economy is get a dollar take a dollar instead of a free flow economy. This misguided idea of the economy is absolutely not true and isn’t at the fault of the Government, but the people.

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The problem of income inequality is not something new, but it is something that people must worry about because it is affecting not only our wallets, but our communities as a whole. I agree on the author’s point of view about income inequality in the United States his position is very similar to another Robert Reich documentary called “Inequality for all” where he mentions all the aspects that brought United States economic system to a hold just to help a fraction of all population one of those systems was education where before the nineteen eighties it was cheaper to go to college than nowadays or the fact that workers were pay almost the same as any other for their sacrifice . Going back to the video on debate he mentions how policies changed

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The problem with the widened wealth gap is that the inequality may harm the quality. Meaning that those in the higher classes see it as you can use the money with no restrictions. However, economist believe that the “relationship between inequality and economic freedom, with the possibility that policies that are meant to reduce inequality will reduce economic freedom, which will then only make inequality worse.”

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people in society go to work in companies to work for somebody who has the foresight to open up a company. The idea of capitalism consists of market competition where companies are in constant competition with other competition. They compete to produce more supply resulting in more profit for the company. When companies compete, it results in unequal distribution of income because the bourgeoisie is going to make more than the people who work. Marx’s response to this was that society should be set up in a way where all of the people should mean all of the means of production.

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Yet, some events have weakened his theories. For instance, there was a gradual increase in workers income. This undercuts the theory that profits results from exploiting labor since the rise of income means that workers are getting a higher percent of profits. Marx’s class theory and his work are considered to be one of most fundamental and important contributions to economy and

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Wealth and Inequality in America Inequality The inequality in America has increased over time; the gap between the rich and the poor has become a problem that many Americans don’t see. Inequality is the extent of income which is distributed unequally among the citizenry. The inequality of the United has a large gap between the poor and the rich making it unfair to the population, the rich are becoming wealthier and the poor remain poor. The article “Of the 1%, By the 1%, For the 1%”, authored by Joseph E. Stiglitz describes that there is a 1 percent amount of American’s who are consuming about a quarter of the United States income in a year.

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By relating the story of the labourer in relation to the flagrant exploitation he undergoes, Marx manages to have his message on revolution resonate with many of his readers at that current time. The Manifesto begins by addressing the issue of class antagonism, in its preface, where ‘all history has been a history of class struggles, of struggles between exploited and exploiting, between dominated and dominating classes at various stages of social development’ [ Karl Marx and Friedrich Engels, The Communist Manifesto, ed. by Jeffrey C. Isaac, (New Haven, CT: Yale University Press, 2012).]. J. Elster in ‘An introduction to Karl Marx’ confirms this notion of the ‘contrast and the conflict between the haves and the have nots, the idle rich and the working poor, are constant themes of history.

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One of the most obvious problems is that uneven distribution of wealth, the working class is not valued. For example, in 1980, the US CEOs made 43 times as much as the average workers earned. However, in 2005, the US CEOs earned 411 times as much as the average workers earned. Under this situation, some opposing voices appeared. Karl Marx is the most representative example, some of his theories are still being studied by China.

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Karl Marx’s believed that human beings desire equality, a statement that is not proven but upon which Marxism depends for what that possibility might still exist. The great class struggle

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