ipl-logo

Why Is Income Inequality Wrong

703 Words3 Pages

A new land where anyone would have the opportunity to become successful; that was the American dream. But it didn’t turn out that way, yes few people did but most of us didn’t. We live in a country where super rich people are leaving the rest of us behind. This is called income inequality; it has been uneven since 1970 and the gap between rich and poor has increased, making it unfair for people who didn’t have the same opportunity, and morally, economically and politically wrong. Income inequality is economically wrong when you compare the richest man of the country, Bill Gates, who gains over $50 billion, to a homeless person, who doesn’t make anything. Many jobs have disappeared because of technology advances, it has made the rich richer; …show more content…

Those who have money or come from wealthy family are above the law; they can do anything they want and not having consequences, corrupting the criminal justice by paying judges, lawyers, cops, politicians, etc. For example, in 2014 the singer Justin Bieber was pulled over for DUI, he was arrested for resisting and driving without a valid license. Even though he was charged for all of that he was out of prison on $2,500 bail on the same day. On the other hand, if a lower income person would have gone through that, it wouldn’t have been that easy to get out of jail. In conclusion, the gap between rich and poor has and it will keep increasing, favoring just the wealthy ones. Being over the law, having multiple opportunities and taking advantage of the poor. While on the other side, the poor will have limited opportunities, not being able to success and having debts in order to buy their needs. It will eventually affect the country economy and everyone and it has to be stopped. cpsinfo@bls.gov. Bureau of Labor Statistics. United States Department of labor. April 16, 2015. Web. April 14, 2016.

Show More
Related

Summary Of 35 Soul-Crushing Facts About Economic Inequality

775 Words | 4 Pages

Economic inequality is the uneven distribution of wealth and differences in economic security found in each individual in a specific country or region. Today, the topic is being discussed profusely by the American presidential candidates and by many writers around the world because of the beliefs of whether there should or should not be wealth redistribution policies put into action. Larry Schwartz, the author of “35 Soul-Crushing Facts about American Income Inequality”, makes a valid claim that economic inequality is the foundation of the problems that the entire American population face such as poverty and a hindrance of economic growth. To begin with, Schwartz has an exceptional argument that the high rate of economic inequality, like is

Read More

From Beyond Outrage By Robert Reich Analysis

1095 Words | 5 Pages

The meaning of the free enterprise on trial means to achieve success by hardwork and taking risks. In his book, “From beyond Outrage”, Robert Reich speaks about how wealth is concentrated among the top wealthiest people in American leading to a wide gap between the rich and poor by increasing inequalities in income. This has not only disgusted Reich, but he is outraged too with the statistics that suggest how the top rich Americans are only getting richer, while those at the bottom of the line are suffering. The inequality gap has grown consistently over the years in America making more than half of the public change their opinion about the wealthy families in U.S. People now believe that those with money need to be taxed heavily and there should be an equal re-distribution of wealth.

Read More

Ptelua Dvorak Mistreatment Of Homeless Is Shameful Summary

410 Words | 2 Pages

Economists believe that the hardships many poor people face like homelessness or slums are a result of a wealth gap that has been exponentially diverging the rich from the poor since the seventies. Studies show that “over forty

Read More

Confronting Inequality Summary

933 Words | 4 Pages

Income inequality The article “Confronting Inequality,” written by Paul Krugman, a professor at Princeton University, emphasizes that the middle class suffers from social inequality and economic inequality. Krugman suggests building a stronger safety net so the gap between the poor and rich can be limited to by raising of the taxes. Krugman uses this claim to highlight the fact that the middle class needs to be stronger and the only way to achieve that is to have a strong safety net. Krugman says the rich use loopholes in the tax system to cheat their way out of high taxes, and the poor pay a relatively high tax compared to what they should be paying.

Read More

Analysis Of Wealth Inequality In America

495 Words | 2 Pages

The wealthy continue to grow as they get more of everything and the lower class continue to get less. The average wealth has increased over the last 50 years, but it has not grown equally for all. “ Families near the bottom of the wealth distribution (those at the 10th percentile) went from having no wealth on average to being

Read More

Income Inequality In America

968 Words | 4 Pages

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.

Read More

Income Inequality In America Essay

449 Words | 2 Pages

3.1 How income inequality affect on people live in America. The income gap in America affects people, who live in this country. The issue has a strong impact in America’s society; in particular, the nutritional disparity between rich and poor people. In USA, the food gap becomes the top signal for the class distinction, but it used to be clothing or fashion. The food inequality in America is not only influencing the poverty, it is also cost hundreds of billions of dollar per year because of Non Communicable Diseases (NDCs) (Ferdman, 2014).

Read More

Economic Inequality In America Essay

856 Words | 4 Pages

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.”

Read More

The Importance Of Income Inequality In America

652 Words | 3 Pages

While Wealth disparity otherwise called the wealth gap is the unequal distribution of benefits among residents of the United States. Riches incorporates the estimations of homes, vehicles, individual assets, organizations, reserve funds, and speculations. Income inequality only matters insofar as it affects wealth inequality “and if we’re not careful, focusing on income inequality can lead us astray from the larger goal of creating a fairer and more economically equal society” (Nolan). There has been a colossal exchange of riches from the working class and the poor to the wealthiest individuals in this nation. That is the Robin Hood standard in

Read More

Political Income Inequality

743 Words | 3 Pages

The Politics of Income Inequality The unequal distribution of wealth is often mentioned among both democratic and republican parties, phrases such as “widening income inequality” and “vanishing middle class” a common occurrence in political rhetoric. But is the rich-poor gap as significant as they claim? According to research by Emmanuel Saez and Thomas Piketty, economic professors at UC-Berkeley and EHESS respectively, the answer is indisputable: the total market income amassed by the top 0.1 percent has been increasing steadily in the past three decades— the shares from 1970 to 2010 have more than tripled, rising from 2.78 percent to 9.53 percent— levels unseen since the Great Depression. Admittedly, Saez and Piketty’s findings are based

Read More

Immigrate To The American Dream

704 Words | 3 Pages

America is known as the land of opportunity. Anyone can come here with nothing and build themselves up to become the richest person in the world. Or so we are told. With today’s economic hardships and a government that seems to be full of the rich trying to get richer, it seem impossible for others to get rich. Maybe someone can make a living and have an improved life from where they came from.

Read More

Income Inequality Argument Analysis

1276 Words | 6 Pages

Income inequality is rampant, and currently, it 's only getting worse. At this moment, the richest 1% of the population control nearly half of all global wealth. If current trends continue, the wealthiest 1% will have more than the other 99% within just a few years. The question is, however, how much income inequality is acceptable? Like many social issues, there is no easy answer, and people are remarkably divided on the answer.

Read More

Essay On Inequality In America

411 Words | 2 Pages

Therefore, America’s inequality will continue to grow. The main reason for this report is to outline

Read More

Theme Of Inequality In The Great Gatsby

2097 Words | 9 Pages

False Illusions "For many the American Dream has become a nightmare. " These words of Bernie Sanders are accurate to an extent. The American Dream is the idea that anyone, with enough resolve and determination, can climb the economic ladder, regardless of where they start in life. It is called the American Dream because the United States is depicted as the greatest nation in the world, that offers the most opportunity and freedom to achieve upward mobility in society. However, many people attach themselves too much to the hope of achieving this dream that they fail to realize the inequalities that take place in front of their own faces, which are the factors that are hampering them from this illusion.

Read More

Essay On Wealth Inequality

1815 Words | 8 Pages

Introduction All over the world, there is an obvious contrast between the living standards and lifestyle of the rich and the poor. Moreover, there is a large gap between the populations of poor and wealthy. This is known as the Wealth Gap, and it is caused by Wealth Inequality. Wealth Income/Inequality is defined as “The unequal distribution of assets within a population.” Wealth is defined as more than just the amount of income a person has, but instead the value of a person’s assets.

Read More

More about Why Is Income Inequality Wrong

Related Topics

Open Document