Economic Inequality And Political Inequality - 1647 Words

Economic inequality, also known as income inequality, is the interval between the rich and the poor. Economic inequality refers to how the total wealth in the United States is distributed among people in a social class. It is needed and it is important but due to the major gap difference, it affects the Democratic Party and in addition, it also affects Americans because they do not understand the actual wealth distribution. It is a major issue in the United States because it affects other economic classes besides the 1 percent by limiting the opportunities for social mobility and it hinders overall growth, such as the 15 percent (46.2 million) of Americans that live below the federal poverty line, which is concentrated in minority people and single female-headed household. A question that many ask is if there is a connection between economic inequality and political inequality because lobbyist and interest groups tend to play an important role due to their higher income and wealth. H aving high income and wealth gives them the power to have a stronger voice in politics, which grants access to political decision-making, something people with low income do not have. Finally, social movements have played in the past in trying to improve the plight of the poor and unprivileged in the United States but after all the poor are getting poorer, regardless of the help of the government and the rich are eventually getting richer because of that. The economic inequality levels in theShow MoreRelatedEconomic And Political Inequalities Of America1374 Words   |  6 PagesEconomic and Political Inequalities Public subsidies are allowing for multinational companies like Walmart and McDonald s to pay such low wages, which in turn provides social services like food stamps, Medicaid and public housing. Out of all U.S. companies Wal-mart employees are the largest recipients of public welfare, receiving about $6.2 billion a year in mostly federal subsidies. Because they are making such nominal hourly wages these services are essential for the well-being of the AmericanRead MoreA Comprehensive Assessment Of Economic Inequality And Political Power1411 Words   |  6 Pagesassessment of the economic inequality and political power in America. He explores on how the affluence of politicians influences the political setting of the country. According to the author, political equality is considered as the philosophy of democracy. Due to the inequalities that exist among the citizens regarding information, social and political affairs, it would be impractical to anticipate equal influence over poli cy making. Nature and the degree of representative inequalities depict the extentRead MoreEconomic Inequality Within The Global Economy801 Words   |  4 PagesEconomic inequality can be defined by the unequal access to economic resources, in the form of opportunities, wealth, capital, land, etc., which determine the individual’s or the group’s level of power. Generally speaking, individuals and groups with high access to resources have high levels of vertical and horizontal power, which in it turn generate more access to resources and power. The unequal access to economic resources is institutionalized within a society. Thus, economic inequality has farRead MoreEconomic Inequality, Inequality And Inequality952 Words   |  4 Pagesthe OECD, the term inequality in the opposite of equity can be defined as evenness or fairness within the social, political, and economic perspectives. Equity forms the core value of both the western democratic tradition and religions. From the concept of equality, inequality can be described as unfair or uneven treatments of the people within the society or unequal distribution of resources, income, and other factors between different sectors in the society. Inequality can be defined asRead MoreDisparity Between The Wealthy And Poor874 Words   |  4 Pagesthe rising inequality. It is no doubt that the issues which are brought by the growth inequality should be highly-regarded by the government. To be specific, there are there main challenges for the government that is produced by increasing inequality: it hinders the development of economic, it evokes political concerns, and generates the social issue. As time goes on, widening disparity between the wealthy and poor is one of the greatest challenges, and it seriously impedes economic developmentRead 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 MoreWealth Inequality Of The United States1216 Words   |  5 Pagesa 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 have regulations to distribute the wealth more fairly as the top 1% of earne rs in the United States own about 40% of the financialRead MorePoverty And The American Dream933 Words   |  4 Pagesway to get out. The Inequality gap in America has increased for the past few decades. Resulting from Economic Inequality in America, 400 Americans share more than 50% of America’s total wealth. These 400 Americans are the Top 1%. While the Top 1% are living luxurious lives, the Bottom 99% is struggling to make ends meet. Inequality is nothing new to the United States. In fact, it is a serious problem for America’s Economy, Democracy and the Middle Class. Economic Inequality is the thing that makesRead MoreInequality Is My Wicked Problem1211 Words   |  5 PagesInequality is my wicked problem. It affects everyone regardless of who you are or where you come from. Every person is different and different isn’t always seen as good. People will treat you differently because of your differences and this inequality is represented in so many different forms that we do not know how to stop it. I will approach this topic by viewing it through the eyes of a political scientist and an anthropologist. By tackling this problem through this filter, I can attempt to identifyRead MoreThe Widening Income Gap Of Modern America1579 Words   |  7 Pagesthe political left and right’s opinions and actions they have taken are also touched upon, since it is a hot issue in the 2016 presidential election. Included is an in depth explanation of income inequality, and how it effects the American economy and the country as a whole. The Income Gap in America Within recent years, the income gap in America has been rising and becoming a controversial issue. Reactions to income inequality have been largely split among Americans of different economic points