Perspective impacted this particular social justice because it seems as if the wealthy is the ones that are being tortured, and mistreated. In other words, their making it seem as if they are, but it's absolutely not true. Their making it seem as if the people are trying to negatively take away all their money, but in reality it's the other way around. The rich are trying to take away from the poor, by trying to decrease the amount of taxes given to them. As a result, they will pay fewer taxes. They have more than enough finances to pay the amount of taxes that the government wants. However, they pay government officials to decrease their taxes, which ultimately protect them from the increase on taxes. They just want to dehumanize the poor people, which is degrading, and it's unfair, that many people have to …show more content…
Many poor and middle classes can’t afford to take care of their families because of the increase taxation on themselves and their family. They have to suffer because of wealthy people's’ decisions. Also, the wealthy have enough money to pay more taxes than the normal tax payer. It's affecting everyone. The taxation is hurting the poor financially. As a result, their communities are being affected negatively because of the increasing amount of poor people, which is ridiculous and breathtaking.
One person may see that the increase taxation on the poor and the decrease taxes on the wealthy is not an issue because the wealthy pay a lot of taxes already. However, many people don’t realize the fact that, yes, the wealthy are paying a lot of taxes because they make more money, but they can afford to pay more. Recently, in a CNN article, more than forty millionaires want their taxes to increase, which proves the fact that the wealthy have plenty of money to give back to the community. In addition, their just going to keep getting wealthier and wealthier by the
It is surprising to think that the poor had not been oppressed in 1791. Someone would think the poor have always had a heavy burden. The majority of America’s population is poor and they are ignored and portrayed as aliens whom we should have no contact with. Finally, the rich are extremely privileged in countless ways.
Many ponder the idea of federal taxes and whether the wealthy deserve to pay a higher percentage rate of their overall income. That is, they argue that because our society needs more equality and a lower national budget deficit, taxes on the rich must be raised. This specific topic has been discussed for decades, and due to the severely different perspectives, it is unclear whether the two sides will ever come to an agreement. President Barack Obama and much of the Democratic Party strongly lean towards raising taxes on the rich, while the conservatives and the Republican Party heavily lean towards a more balanced flat tax. However, after extensive research and focus on what would be best for the equality of individuals, the nation and its economy, this paper will firmly prove that the top one percent should not be taxed any more than they are today.
The manifest of this cartoon that the wealthy man is taking advantage of the middle and lower class people. He is doing this by taking half of the income and leaving the lower and middle class with half as well but they have to equally distribute it amongst each other. He is also calling them greedy, when in fact he is the one that is being greedy because he gets half while the others get a whole lot less because they have to equally share it. In the book, Social Problems: An Introduction to Critical Constructionism, Robert Henier states that there was a substantial expansion in the economy but the ones who benefited the most out of this were the upper class. In addition, the wealthy man is wearing a tie which could mean he is a CEO of a company. With this being said, this would be the latent content because it also states that Congress has cut the tax rate for the wealthiest taxpayers by more than half and instead of paying taxes they actually receive money back as a tax benefit (Heiner, 2013). In addition, wealthy people pay similar or lower rates of tax than lower and middle class people (Heiner, 2013). This means that wealthy people and companies are getting to keep all their profits plus a tax benefit, while the middle and lower class owe the government tax money at the end of each year. The underlying message is that the
Inside of this video, this guy really targets an issue nobody has really been presented. He shows charts that talk about how we Americans think our wealth is distributed. We think distribution is doing alright. Americans think that the bottom 40% is getting a bit of money. They also believe that the middle class is doing reasonably well. Unfortunately, that is not the case. In the video, he breaks it down a little bit getter. He shows a graph that shows how money is actually being distributed. The poorest of poor don 't even register on the poverty line. The middle class is barely making it. And then there is this huge difference between "the rich" and the poor. It is proven that the 1% of America has 40% of the entire nation 's wealth ("Wealth Inequality in America."). The bottom 80% of America only share 7% of the nation 's wealth among themselves. The top 1% has 50% of the stocks, bonds, and mutual funds. The bottom 50% of Americans only own 0.5% ("Wealth Inequality in America."). The poor is not just getting by but they are scraping and fighting to get by. Now that it is clear that there is a lot of poor people in America, it is important to figure out how to fix
Inequality exist and is high in America because the amount of income and wealth that is distributed through power. In America the income distribution is very inequality and the value of a person wealth is based on their income with their debts subtracted. “As of 2007, the top 1% of households (the upper class) owned 34.6% of all privately held wealth, and the 19% (the managerial, professional, and small business stratum) had 50.5%, which means that just 20% of the people owned a remarkable 85%, leaving only 15% of the wealth for the bottom 80% (wage and salary workers)” (Domhoff, 2011). In contrary the poor do not get ahead and the rich get more. Americans are judged and placed in class categories through their home ownership which translates to wealth. Americans social class is often associated with their assets and wealth. “People seek to own property, to have high incomes, to have interesting and safe jobs, to enjoy the finest in travel and leisure, and to live long and healthy lives” (Domhoff, 2011). Power indicates how these “values” are not distributed equally in American society. Huge gains for the rich include cuts in capital gains and dividends and when tax rates decrease for the tiny percent of Americans income is redistributed. Taxes directly affect the wealth and income of Americans every year.
Income inequality has affected American citizens ever since the American Dream came to existence. The American Dream is centered around the concept of working hard and earning enough money to support a family, own a home, send children to college, and invest for retirement. Economic gains in income are one of the only possible ways to achieve enough wealth to fulfill the dream. Unfortunately, many people cannot achieve this dream due to low income. Income inequality refers to the uneven distribution of income and wealth between the social classes of American citizens. The United States has often experienced a rise in inequality as the rich become richer and the poor become poorer, increasing the unstable gap between the two classes. The income gap in America has been increasing steadily since the late 1970’s, and has now reached historic highs not seen since the 1920’s (Desilver). UC Berkeley economics professor, Emmanuel Saez conducted extensive research on past and present income inequality statistics and published them in his report “Striking it Richer.” Saez claims that changes in technology, tax policies, labor unions, corporate benefits, and social norms have caused income inequality. He stands to advocate a change in American economic policies that will help close this inequality gap and considers institutional and tax reforms that should be developed to counter it. Although Saez’s provides legitimate causes of income inequality, I highly disagree with the thought of making changes to end income inequality. In any diverse economic environment, income inequality will exist due to the rise of some economically successful people and the further development of factors that push people into poverty. I believe income inequality e...
But when truly considering it, if taxes were raised on the rich it would minimize the large inequality gap without changing or impacting job growth or economic recovery (Fieldhouse). Also, history proves that the rich are hardly affected by tax raises because in the 1960’s, the top income rate was 90% where the economy was largely successful and the top 1% were not hurt by this either (Blodget). Furthermore, modern day tax rates are extremely low compared to the past rates, including times of an economic boom (Blodget). Those who wish to keep taxes at their current rates are the ones who benefit from it as they wish to keep all the money for themselves instead of using their taxes to help out the poor and help them gain the incentive and skills in order to have a sufficient
These wealthy self made millionaires have worked here vigorously to arrive at this point with years and years of work and dedication. Their money shouldn't be filched away by malicious income taxes and should be viewed that in order to promote in class, hard work and effort have to be put in. These self made millionaires can also spend more than the average person. Individuals that are wealthy can go and spend abundant amounts of cash on what they desire with no questioning. Their tax rates shouldn't be surged up, if it will benefit the United States by large purchases that will be giving back to the
Many of my thoughts throughout ethics have been towards the utilitarian side. This is where I would differ from that view. If I were to go by the utilitarian view it would be to tax the rich more than anyone. This money would then go to the poor where the money could be used up instead of sitting in a bank account. The utilitarian believes you do whatever it takes to make the most possible people happy. If you took the top five percent in America and taxed them more, then gave it to the bottom thirty percent, you have now helped more people then you did not help.
Controversy will always follow humans where ever we go. Humans have argued over many issues for centuries, often times with no conclusion or “correct” answer ever in sight. One common issue that has been debated since the early 1900s is whether or not the more wealthy individuals in a society should be taxed more heavily than their poorer counterparts. Many have argued over the pros and cons of the taxation of richer people, but when one looks at it objectively, the pros far outweigh the cons. Not only do the pros outweigh the cons, but a question one must ask oneself is whether or not prosperous people really need that extra money? Richer people should be taxed higher because it is better for the economy, social classes will become more even, and the wealthy owe it to the society that helped raise them to become successful.
The American deficit grows every day, along with the wealth divide between the wealthiest and poorest Americans. The nation’s financial standing is worsening by the second, and something must be done to improve it. The richest Americans are only getting richer in this time of economic crisis, and tax increases for the wealthy are a viable way to more equally distribute wealth throughout the lower classes in the United States. It may be true that some of the wealthiest citizens have earned their money, but action should be taken to help the struggling majority of the country instead of the privileged few. The United States has a responsibility to give the lower classes an opportunity to rise out of poverty, and if the lower class continues to grow like it is now, this nation could have larger problems to deal with in the future.
Increase in price of consumer goods is creating a gap between the two classes. In long run this may lead to a big problem for government as inequality between the two classes. At that time the Government will have to levy more taxes on the goods and services so that it can cope up with such sort of inequality. But it is not an easy task to levy more taxes on incomes. This type of strategies can create a political and economic uncertainty. Political uncertainty can be due to rude attitude of taxpayers against the Govt. who levy more taxes on their incomes and if we see the concept of more tax with economic point of view, more taxes leads to less production and the unemployment in that economy. It reduces the export of goods and services and again Government may be in a problem of increase balance of payment deficit. An increase in tax tends to cut in production quantity and leave an adverse effect on producers’ as well as consumers’ pocket. If it happens, he starts to reduce his expenditure which again leads to reduction in production of goods and services due to this unemployment takes place in the economy and a cause and effect cycle generates between increase in CPI and decrease in
...tribute to society and live life freely. As a solution to wealth disparity, taxes can be used to redistribute income to the poor and use the tax money to fund many different programs, such as some that target poverty and inequality. Improving public schools by unifying them is another solution to wealth disparity. By closing private schools and fully invest in public schools, everyone can receive an education that is equally distributed. By providing equal opportunities for education and taxes being used to redistribute income to the poor will decrease income inequality. In the long run, helping the poor will be beneficial and has a big possibility to end poverty as well. In conclusion, wealth disparity makes inequality a big problem to the fullest extent to social stability in American society because it discriminates against the poor, while it privileges the rich.
consumed with the idea of degregating the poor so they can achieve success, even if it
... rising inflation rate, injustice (because of status), expensive schooling has pushed many individuals as well as families down from a higher level to a lower one. “Justice delayed is justice denied” and our law enforcement organizations are strictly following this very famous quote which has created another social class/ group of those who can afford justice and those who cannot. Economic fluctuations including 0-4% inflation rate in developed countries and up to 5% to 20%in developing countries, falling exchange value of currencies and sky touching prices of goods and services has compelled millions of people to the brink of poverty and destitution. Mere attention is given to those who form the major part of our country’s population and this is causing severe distress and pain for the labor class as well as the middle class to breathe in such aura of restlessness.