Wealth of the United States Essay examples - 1004 Words

Wealth of the United States nbsp;nbsp;nbsp;nbsp;nbsp;There is a problem in the United States that is growing and is causing issues in our country, but not everybody knows about it. The problem is the distribution of wealth in our society and the world as a whole, and how it is getting worse. Some people would say that it is an inequality due to the needs of the society, while others would say it is to the needs or individuals. This causes even more problems because of there being more than one supposed reason for the issue at hand. The problem is that the distribution of power is possibly starting to be lopsided, and for many reasons. There are two main views of why this is happening, the functionalist perspective and the conflict†¦show more content†¦This theory tells that poor people are poor because they do not work hard enough or even at all and that if they work harder, they will be rewarded with more resources or money. It also says that rich people have worked very hard to get where they are and it is not just because of their desire to get what they have, they had to work also. This contributes to society due to the fact that everyone is in a different class and this states that the classes are earned and not just given, so it tells everyone that almost all positions are given do to merit and other factors that are earned. Society as a whole is the basis of where people get, it is not because the people have needs and desires that need to be satisfied. nbsp;nbsp;nbsp;nbsp;nbsp;On the other side of the spectrum, are the conflict theorists, who believe that the inequality of the resources trying to be attained is caused directly because of the wants and desires of the people who are trying to attain them. This theory is all based on a group of people in power making the other groups think that they are the best to be in power and create a false consciousness for the masses. The main group stays in power because they make all sorts of promises to the masses and deceive them at the same time. The group in power takes everything that they can from the people and tell them that this is due to another cause. A basic example is how Enron worked and how the executives spent lavishly and even got severanceShow MoreRelatedWealth Inequality Of The United States1283 Words   |  6 Pages Wealth Inequality According to Inequality.org, â€Å"We equate wealth with ‘net worth,’ the sum total of your assets minus liabilities. Assets can include everything from an owned personal residence and cash in savings accounts to investments in stocks/bonds, real estate, and retirement accounts. Liabilities cover what a household owes: a car loan, credit card balance, student loan, mortgage, or any other bill yet to be paid. In the United States, wealth inequality runs even more pronounced than incomeRead MoreWealth Inequality Of The United States1216 Words   |  5 PagesWealth in the United States is generally thought to be distributed fairly as the highest earners have a higher percentage of wealth. Although this common notion is technically correct, the wealth is not spread as fairly as people might believe. The United States uses a free market, capitalistic economy, which entails wealth inequality. However, the amount of wealth inequality depends on how the government limits the w ealthy. Interestingly enough, the government does not have regulations to distributeRead MoreImpact Of Wealth Inequality On The United States1220 Words   |  5 PagesImpacts of Wealth Inequality Wealth in the United States is generally thought to be spread fairly as the highest earners have a higher percentage of wealth. Although this common notion is technically correct, the wealth is not spread as fairly as people might believe. The United States uses a free market, capitalistic economy, which entails wealth inequality. However, the amount of wealth inequality depends on how the government limits the wealthy. Interestingly enough, the government does not haveRead MoreThe United States Wealth Inequality Gap1369 Words   |  6 Pagesso many people dealing with poverty and the challenges that arise from trying to escape it. The United States wealth inequality gap is one of the largest gaps in the world. According to the article Causes of Poverty by Anup Shah, â€Å" Almost half the world, over 3 billion people, live on less than $2.50 a day. The GDP of the 41 Heavily Indebted Poor Countries (567 million people) is less than the wealth of the world’s 7 richest people combined.† This gap is due to the fact that globalization and globalRead MoreThe Wealth Disparity Through The United States Essay2154 Words   |  9 PagesThis paper provides insight, reasoning on the wealth disparity in the United States. After all, the social movements that have advocated over the years for equality. The wealth gap remains the same. It continues to be intertwined with politics and racism. Corporation increases the wealth disparity with their political agenda in mind. In the article, Race, Homeownership, and wealth by Shapiro Thomas defines wealth and income. Wealth defined as the total value of a familyâ €™s financial resourcesRead MoreResearch: Racial Differences in Household Wealth in The United States1154 Words   |  5 PagesThe wealth difference that exists between African and Caucasian men is vast and expanding (Charles Hurst, 2002). After accounting for huge dissimilarities in income, family structure and wealth, the gap portion which remain unexplained may be attributed to belief, behavior and value differences between these groups. Despite an enormous and persistent black-white gap, many proclaim that society has transcended the racial divide (Hamilton, 2009). Wealth is a paramount indicator of social well-beingRead MoreThe United States : A City Of Great Wealth And The Great Poverty894 Words   |  4 PagesBackground Within the United States, in 2014 we had 1 out of 7 children born into poverty (C., 2016). That is an outstanding amount of children starting life out with a disadvantage. Statistics show that the U.S. has higher poverty rates than other developed countries (O., 2014). When a child is born into poverty, they are faced with many challenges that people are not very cognizant of. Children living in poverty usually have trouble accessing proper healthcare, education, and nutrition. These simpleRead MoreThe Distribution of Wealth 1542 Words   |  6 PagesDramatic facts surround the nature of the distribution of wealth becoming more concentrated during the period between 1983 and 2004. In good parts of the period, labor unions were defeated and implementation of tax cuts for the rich took place. 42% of the entire financial wealth generated by the economy of the United States during the 21-year period went to the richest 1%. The Current Statistical Trends of the Wealth Inequality in the United States Before the onset of the 2007/2008 global financialRead MoreWealth Distribution and William Domhoffs Wealth, Income, and Power1193 Words   |  5 PagesIn William Domhoff’s article, Wealth, Income, and Power, he examines wealth distribution in the United States, specifically financial inequality. He concludes that the wealthiest 10% of the United States effectively owns America, and that this is due in large part to an increase in unequal distribution of wealth between 1983 and 2004. Domhoff also states that the unequal wealth distribution is due in large part to tax cuts for the wealthy and the defeat of labor unions. Most of Domhoff’s informationRead MoreThe Issue Of Taxation Of The United States Essay1659 Words   |  7 Pagesthis world nothing can be said to be certain, except death and taxes.† Taxation has always been a hot-button issue in the United States, as it was one of the primary reasons the United States revolted from the British. The media have onc e again turned its attention to the issue of taxation, but primarily on the increasing of taxes solely on upper-class citizens. The United States currently employs a progressive tax rate, which means that the upper class already is liable for a higher percentage of