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America is one of the wealthiest nations on earth with having a high inequality than other industrialized country. Inequality exists in income, wealth, power and education. Persons who are legally and socially poor in the United states tend to stay in a cycle through life, not always by choice but because they are given fewer opportunities, education and tools to achieve success. Poverty class has a much larger income gap than the upper class, the American Dream is lessens through opportunity and is shown through statistics.
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.
“For most Americans, the word ‘poverty’ suggests destitution: an inability to provide a family with nutritious food, clothing, and reasonable shelter” (Rector, 2007). Poverty can be socially defined through severe deprivation of education, food, safe water, sanitation, and health care regardless of one’s income. The U.S. Department of Health and human Services periodically updates poverty guidelines and depending on what state you live in the guidelines range.
Growing up in The United States, people are given this idea of an American Dream. Almost every child is raised to believe they can become and do anything they want to do, if one works hard enough. However, a majority of people believe that there is a separation of class in American society. Gregory Mantsios author of “Class in America-2009” believes that Americans do not exchange thoughts about class division, although most of people are placed in their own set cluster of wealth. Also political officials are trying to get followers by trying to try to appeal to the bulk of the population, or the middle class, in order to get more supporters. An interesting myth that Mantsios makes in his essay is how Americans don’t have equal opportunities.
According to Gregory Mantsios many American people believed that the classes in the United States were irrelevant, that we equally reside(ed) in a middle class nation, that we were all getting richer, and that everyone has an opportunity to succeed in life. But what many believed, was far from the truth. In reality the middle class of the United States receives a very small amount of the nation's wealth, and sixty percent of America's population receives less than 6 percent of the nation's wealth, while the top 1 percent of the American population receives 34 percent of the total national wealth. In the article Class in America ( 2009), written by Gregory Mantsios informs us that there are some huge differences that exist between the classes of America, especially the wealthy and the poor. After
With each class comes a certain level in financial standing, the lower class having the lowest income and the upper class having the highest income. According to Mantsios’ “Class in America” the wealthiest one percent of the American population hold thirty-four percent of the total national wealth and while this is going on nearly thirty-seven million Americans across the nation live in unrelenting poverty (Mantsios 284-6). There is a clear difference in the way that these two groups of people live, one is extreme poverty and the other extremely
What is the poverty line? Depending upon where you live, the definition of poverty can vary significantly. In the U.S., we tend to define poverty as not having enough money for life’s necessities such as food, clothing, shelter or medical needs. In other countries, poverty is much bigger than money. It is also about not having the physical means in which to better one’s life.
The phrase “The American Dream” is an incredible thing. The promise of that dream has convinced hundreds of millions of people that, as a citizen of this country, you can accomplish anything if you work hard enough. Whether you want to be a doctor, athlete, or even a president, those things should all be within your reach, regardless of your class or race! America is the nation where dreams can come true. Unfortunately, for a large number of people that believe this, this is a concept that does not apply to them. Many Americans find opportunities are denied to them because of their race. Others can be found living in poverty and far from anything that would be considered desirable. Statistics show that the wealthiest 1 percent of Americans earned 9 percent of all U.S. income in 1979. Did you know that the same 1 percent earns 24 percent of all U.S. income today? That is a staggering example of the income inequality in America. The American Dream is that if you work hard and have the ability you will succeed, but that has become an impossibility for millions of disadvantaged Americans because the income inequality has been steadily increasing since the 1970s and racism and poverty are constant barriers to their success and financial security.
3. What are the effects of this wealth inequality in the US and what causes it, as well as some possible solutions and their ramifications, will all be discussed and answered below. There has always been a wealth gap between the richest and poorest in society. However, in the past decade, the wealth gap between the richest and poorest citizens in the US has been growing rapidly. In the 70s and 80s, the wealth and income growth rate for both poor and rich people were similar, however, between the years 2009 and 2012 the top 1% income increased 31% while for the bottom 20%, their income actually dropped and for the vast majority of Americans, the average yearly income only increased by 0.4% [4].
It varies in definition from one person to another. (Mills, 2000) However, the kind of poverty I will be talking about is the situation that comes to one’s mind on hearing the word; lack of basic needs and living from hand to mouth. This was a situation that I was in some time back not out of choice though. I was unlucky just as many kids born in a poor family where my parents aren’t really earning much and in that event one of the parents or both dies.
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...
Poverty is “the state of one who lacks a usual or socially acceptable amount of money or material possessions” (Merriam-Webster dictionary, 2015); in other words, struggling to provide a comfortable living style. It is the cause of family stress and many other problems, especially for the children. Millions of people around the world are struggling with poverty; families suffering to provide enough food seem to be growing in numbers. According to the United States Census Bureau, the poverty rate was highest in the 1960s and decreased greatly in the 1970s. However, it is now slowly starting to increase again. Recently released census data by the Bureau showed that one in five people are living in poverty (Census Bureau, 2014). Poverty is even
Income inequality continues to increase in today’s world, especially in the United States. Income inequality means the unequal distribution between individuals’ assets, wealth, or income. In the Twilight of the Elites, Christopher Hayes, a liberal journalist, states the inequality gap between the rich and the poor are increasing widening, and there need to have things done - tax the rich, provide better education - in order to shortening the inequality gap. America is a meritocratic country, which means that everybody has equal opportunity to be successful regardless of their class privileges or wealth. However, equality of opportunity does not equal equality of outcomes. People are having more opportunities to find a better job, but their incomes are a lot less compared to the top ten percent rich people. In this way, the poor people will never climb up the ladder to high status and become millionaires. Therefore, the government needs to increase all the tax rates on rich people in order to reduce income inequality.
The evolution of the view on poverty has changed over time. There has been different stages of poverty over time and poverty is an ongoing thing in America. Horace Mann promoted the Common School to help fight poverty. In 1960 The War on Poverty was used to help fight against poverty. Geoffrey Canada had a different approach to poverty. He built a new charter school and had “The Lottery”. All three of these had the same goal to eliminate poverty by helping students who were in poverty get a better education. They all thought if children could get a better education it would help them get out of poverty and the cycle of poverty.
What is poverty? Well, according to Webster's Third New International Dictionary, poverty is "lack of money or material possessions; poor." Two-thirds of the world's population fits this definition. I know that many times we think of being poor as not being able to buy the car we want or take the trip we can only dream about. However, being poor, living in poverty, hits a lot lower than that. For example, a resident of the country of Chad will only bring in $100 each year. Since many people can make more than that in one week, some in one day, can you imagine having the feed a family of five or six, or even a family of two, on only $100 a year? These are the conditions that exist in poverty-stricken countries.
Poverty is still a huge problem that millions of people face in 2016. The U.S is one of the many victims that face this problem even though it’s a stage 4 country unlike some foreign countries who are in stage 2 or 3. The reason for this is because it’s really difficult to manage poverty once you’re there due to the high amount of repercussions it has. This makes poverty not escapable because of the cycle of poverty, conditions of rural areas, food deserts, health issues, gentrification, living costs, and the poverty line.
Poverty is a major problem in the United States today. Social, economical, political, and cultural factors all contribute to poverty. Education and economic development are two major issues that will help prevent poverty. The United States Census Bureau defines poverty as an "economic condition in which people lack sufficient income to obtain basic needs for food, housing, clothing, health services and education." In other words, poverty is powerlessness, a lack of representation and freedom. Poverty is an issue that the world faces everyday.
The question is, what is poverty? Poverty is about not having enough money to meet basic needs of life, including food, clothing, and shelter. Nevertheless I believe that poverty is much more that not having enough money. The World Bank Organization describes poverty as, “Poverty is hunger. Poverty is the lack of shelter. Poverty is being sick and not being able to see a doctor. Poverty