Income Inequality Is A Tough Policy Issue - 901 Words

Income Inequality is a tough policy issue to tackle and relate to the texts the class has been assigned to read. This particular policy issue is rather difficult to give insight on because income inequality is widespread and immense, yet most of Washington and mainstream America will not address this critical matter in question that is happening all over the country. Beliefs are blinding the majority of America when it comes to how money is distributed throughout the social classes and minorities in this nation. Americans have a distorted view of how unequal the pay gap is between the top 20% and the bottom 40%, according to Nicholas Fitz (2015). For instance, in the first study done by Michael Dorton and Dan Ariely, 5,000 Americans guessed that the richest 20% own 59% of the wealth and the bottom 40% own 9% of the wealth (Fitz. 2015). Consequently, the actual statistics are that the top 20% own more than 84% of the wealth, whereas the bottom 40% own a scarce amount of the wealth of 0.3% (Fitz.2015). Elitist view of power, also, is another term that relates to this issue of income inequality due to how government in this country, with regards to how only a few people with power actually know economically, what is happening in America, leaving the majority of American citizens in the dark about how money flows and how discrimination of minorities is hindering their ability to earn livable wages (Fitz.2015). The Federal Poverty Level which is based on the amount of incomeShow MoreRelatedThe Effects of Wealth Inequality in the U.S.1484 Words   |  6 PagesAnthony Giovenco Political Science Inequality Paper 12-18-14 The Effects of Wealth Inequality in the United States Wealth inequality in the United States has grown tremendously since 1970. The United States continuously reveals higher rates of inequality as a result of perpetual support for free market capitalism. The high rates of wealth inequality cause the growing financial crisis to persist, lower socio-economic mobility, increase national poverty, and have adverse effects on health andRead MoreThe Ambiguity Of Income Inequality1143 Words   |  5 PagesThe Ambiguity of Income Inequality Pundits say that income inequality has been one of the greatest downturns of our country’s growth and development, however a puzzle exists where economics and politics meet that does not make the solution to income inequality easy to find. Political leaders, economists, and bankers all agree that policies have appealed more to the interests of the governing class than those of the ordinary people. The comments surrounding this topic mostly stem from the strongRead MoreThe Development Of Cambodia s Garment Industry900 Words   |  4 Pagessignificantly propels the development of its economy by increasing investments in real estate and finance. Although the distribution of income, indicated by the gini coefficient, seems to be unequal, it is closer to absolute equality rather than inequality. This shows that majority of the population receives similar income. Thus, as the economy grows, the income received by the people will increase at a similar scale. According to their HDI, human development is a prime concern for development. TheirRead MoreThe Effect Of Trade On Poverty1377 Words   |  6 Pages1. INTRODUCTION Foreign trade has been a widely debated issue across the developing world. In the last 30 years, a number of developing countries increased their openness to foreign trade. World trade as a percentage of world output has increased 1.46 times between 1980 and 2003.These years witnessed an integration of individual economies into a globalized economy, which has been beneficial for the participating countries in many ways. This integration includes the flow of capital across countriesRead MoreGender Issues For Women s Mothers At Work1510 Words   |  7 PagesGender related issues for women inparticula mothers at work. Gender inequality Inequalities have been prevalent since the beginning of civilization. Up until the women’s movement, did we see a shift in feminism whereby women would gain certain rights. Within this movement, the role of the women fell short to discrimination and gender inequalities. The argument stands forth and is true that there are gender inequalities prevailing in all aspects of society. Thus, the concept of gender is notRead MoreChild Poverty in New Zealand1119 Words   |  5 PagesChild poverty is a major and complex issue that New Zealand faces today. The degree is far more severe than the publics perception and it is a problem that we cannot afford to ignore. A combination of factors contributes to child poverty, from individual causes at the micro level to the macro collective government involvement. This occurs partly due to social construction and it is potentially avoidable. The consequences can impact on both individual and to a great extent affect significantly onRead Mor eRole Of Unions During The United States899 Words   |  4 Pagesemployees that forms to negotiate or bargain with an employer (Dias, 2012). Unions are a part of our Nation’s history, allowing workers the power to negotiate wages, work hours, benefits, health and safety guidelines, training, and other work related issues, and helped to create todays labor standards. These standards include minimum wage, social security, eight-hour workday and weekends, overtime pay, the American with Disabilities Act and the Occupational Safety and Health Act. Unions help to ensureRead MoreBlack Lives Matter By Alex Nabaum920 Words   |  4 Pagesstate ‘Black Lives Matter’ Movement, implies black lives are more valuable than white lives. The battle is literally being turned into a black and white issue which according to the author Nabaum this misdirection is intentional. Nabaum primarily writes on social issues such as the United States tarnished reputation around the world. L ow income student’s experiences when attending Ivy League colleges. Nabaum being a writer for a news source that’s been around since 1801 (New York Times) helps toRead MoreThe Democratic Ideal And The Modern Challenges916 Words   |  4 PagesThus, egalitarianism remains non-achieved owing to the social and practical inequalities between the US citizens. Despite the ability of free expressing their political and social views, the US society remains divided into the income classes. In addition, the income and educational background create a pretext for the unequal status of the Americans in different aspects (Edwards, Wattenberg Lineberry, 17). E.g. the low-income family might not be able to educate their children that would prevent themRead MoreEffects Of Loans On Students By Suzanne Mettler1410 Words   |  6 Pagesbecause education has evolved into a caste system that doesn’t give them a chance to succeed. Mettler addresses this topic in her book, â€Å"De grees of Inequality: How the Politics of Higher Education Sabotaged the American Dream.† She analyzes the relationship between money and politics, greed, and misplaced priorities, and how education produces more inequality amongst students from different economic levels (HU, 2015). In a dysfunctional system, something is wrong because eleven countries surpass the