Why Do Americans Want Less Wealth Inequality

583 Words2 Pages
bulb-icon

Recommended: Essay on wealth inequality

Borders, Max. "That Americans Want Less Wealth Inequality Is Irrelevant." The Wealth Divide. Ed. Noël Merino. Farmington Hills, MI: Greenhaven Press, 2015. At Issue. Rpt. from "Wealth Inequality: Predictably Irrational." Freeman (5 Mar. 2013). Opposing Viewpoints in Context. Web. 20 Sept. 2015.
Summarize: this article talks about wealth inequality and how it should be thrown out because people really do not know how well it works.
Assess: this can be used in my paper as my rebuttal and how secure the person that wrote this article view is from the truth. This article is from opposing viewpoints and the author writes for magazine for the wealthy.
Reflect: this source would be a good source for me to prove my stance on the subject.
Ingraham, Christopher. …show more content…

Norton, Michael I., and Dan Ariely. "Americans Want Less Wealth Inequality than Currently Exists." The Wealth Divide. Ed. Noël Merino. Farmington Hills, MI: Greenhaven Press, 2015. At Issue. Rpt. from "Spreading the Wealth." Los Angeles Times 8 Nov. 2010. Opposing Viewpoints in Context. Web. 20 Sept. 2015.
Summarize: this article is about the wealth gap. This article talks about a survey that 5000 people took and how they thought wealth was distributed and what their ideal distribute Tatian of wealth would be.
Assess: this article is from opposing viewpoints and gives stats I can use in my argument and it also shows how people think here in the United States that the wealth needs to be adjusted.
Reflect: this is helpful because it shows people are thinking about this topic. It does show the numbers between where the wealth is and where the money is not. This also shows what most Americans believe and what they think the ideal distribution of wealth would be.
"Oxfam Response to Credit Suisse Global Wealth Report [press release]." Africa News Service 14 Oct. 2014. Opposing Viewpoints in Context. Web. 20 Sept.

Show More
Related

  • Social Hierarchy in Under the Lion’s Paw by Halim Garland

    919 Words  | 2 Pages

    Economist, The. "Wealth and Class." The Economist. The Economist Newspaper, 08 Jan. 2007. Web. 16 Apr. 2014. .

    Read More

  • Who Rules America: Wealth Distribution

    616 Words  | 2 Pages

    Smith, Noah. “How to Fix America's Wealth Inequality: Teach Americans to Be Cheap.” The Atlantic. Atlantic Pub., 12 March 2013. Web. 06 April 2014. .

    Read More

  • Economic Inequality - Taking Sides Article

    724 Words  | 2 Pages

    Briefly state the main idea of this article: The main idea of this article is that economic inequality has steadily risen in the United States between the richest people and the poorest people. And this inequality affects the people in more ways than buying power; it also affects education, life expectancy, living conditions and possibly happiness. Another idea that he brought up was that the American government tends to give less help to the unemployed than other rich countries.

    Read More

  • Wealth Inequality In America Essay

    1109 Words  | 3 Pages

    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

    Read More

  • Billionaires On The Bus By Julie Delahanty

    1285 Words  | 3 Pages

    Unfortunately, the article’s eye-catching title is a reality in Canada. The wealth gap between the rich and poor is continually increasing. The number of billionaires in the world is so small that they can fit in a single school bus. Sixty-two people now own as much wealth as half the world’s population. The article explained the sad reality of inequality in the United States. It sheds light that the wealth of the poorest half of the world’s population has fallen by a trillion US dollars in just five years, while the wealth of the richest 62 people on the planet just kept growing. The article emphasizes that to truly tackle inequality and address extreme poverty several actions must be taken. These must include working with global leaders to end the era of tax havens, supporting women’s rights organizations and helping developing countries provide universal

    Read More

  • Wealth Inequality In America

    2137 Words  | 5 Pages

    The distribution of wealth by country is an amazing thing to look at (see table 3). The United States comes clearly on top with 41.6% of the wealth across the world, with the next closest being China at 10%. This shows that there is plenty of wealth to go around in the United States; we just don’t equally distribute it. The Gini Coefficient is the best way the world economy can represent the income distribution of a nation’s citizens. The United States ranks well below any other first world country (See table 2) This is an embarrassment to our country. We are a wealthy and successful country, yet we have a bigger gap between the wealthy and poor than any other country that compares to

    Read More

  • Income Inequality in the United States

    795 Words  | 2 Pages

    The highest earning fifth of U.S. families earned 59.1% of all income, while the richest earned 88.9% of all wealth. A big gap between the rich and poor is often associated with low social mobility, which contradicts the American ideal of equal opportunity. Levels of income inequality are higher than they have been in almost a century, the top one percent has a share of the national income of over 20 percent (Wilhelm). There are a variety of factors that influence income inequality, a few of which will be discussed in this paper. Rising income inequality is caused by differences in life expectancy, rapidly increases in the incomes of the top 5 percent, social trends, and shifts in the global economy.

    Read More

  • Inequality And Wealth Inequality

    713 Words  | 2 Pages

    Wealth inequality is a real issue that needs to be fixed. The imbalanced growth of the upper class compared to the middle class is a danger to American society as a whole. The rich becoming richer while the middle class remains the same leads to a power imbalance, with the rich using their money to run the country the way they see fit while the middle class speaks to ears that do not listen. The issue of wealth inequality needs to be fixed by raising taxes on the rich.

    Read More

  • Income Inequality in the United States

    3100 Words  | 7 Pages

    Income inequality not only harms us fiscally, but also affects our mental and physical wellbeing; therefore, it is important to identify the right ways to control wealth distribution among people.

    Read More

  • Income Inequality In The United States Essay

    1035 Words  | 3 Pages

    The United States has a pervasive issue of income inequality (Volscho & Kelly, 2012). While the wealthy few live in absurd abundance, poor hardworking individuals often cannot afford basic necessities. Such a dynamic is not only an affront to the ideals of equality of opportunity, but also may increase crime as a result of relative deprivation and lack of legitimate opportunities to achieve (Thio, 2010). This essay describes the magnitude of income inequality in the United States, reveals barriers that obscures its magnitude, and suggests a starting point from which corrective measures might develop.

    Read More

  • Wealth and Poverty: Karl Marx

    1702 Words  | 4 Pages

    Reich, Robert. "Why the Rich Are Getting Richer and the Poor Poorer." Mountain View College Reader. Neuleib, Janice. Cain S., Kathleen. Ruffus, Stephen. Boston: 501 Boylston Street, Suite 900. 2013 Print.

    Read More

  • The Importance Of Capitalism In Today's Society

    1508 Words  | 4 Pages

    Divisions within the social stratum is a characteristic of societies in various cultures and has been present throughout history. During the middle ages, the medieval feudal system prevailed, characterized by kings and queens reigning over the peasantry. Similarly, in today’s society, corporate feudalism, otherwise known as Capitalism, consists of wealthy elites dominating over the working poor. Class divisions became most evident during America’s Gilded Age and Progressive era, a period in time in which the rich became richer via exploitation of the fruits of labor that the poor persistently toiled to earn. As a result, many Americans grew compelled to ask the question on everyone’s mind: what do the rich owe the poor? According to wealthy

    Read More

  • Income Inequality

    939 Words  | 2 Pages

    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...

    Read More

  • Argumentative Essay On Wealth Inequality

    1189 Words  | 3 Pages

    Wealth inequality is the uneven distribution of resources in a given state or population, which can also be called the wealth gap. The sum of one’s total assets excluding the liabilities equates the person’s wealth also known as the net worth. Investments, residents, cash, real estates and everything owned by an individual are their assets.In reality, the United States is among the richest countries in the world, though a few people creating a major gap between the richest, the middle class and the poor control most of its wealth. For more than a quarter of a century, only the rich American families have shown an increase to their net worth.Thisis a worrying fact for the less fortunate in the country and calls for assessment (Baranoff, 2015).

    Read More

  • Essay On Income Inequality

    1524 Words  | 4 Pages

    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.

    Read More

More about Why Do Americans Want Less Wealth Inequality

Open Document