Essay on "Income Inequality for American Today"
Essay 4 pages (1212 words) Sources: 5
[EXCERPT] . . . .
Income InequalityExploring and Explaining the Income Inequality in the United States: The Self-Perpetuation of the "Meritocracy"
The recent (and ongoing, though now far less publicized) Occupy protests were not meant simply to highlight the outright corruption and greed that was perceived to exist in the world and the nation's financial industry, but also to highlight and to protest the growing wealth disparity in the developed world and most especially in the United States. The rallying cry of "We are the 99%" was explicitly meant to call attention to the wealth and income gap in the nation, which has grown at exponential rates over the past several decades and has reached levels that are unprecedented at any previous point in history (Gilson & Perot, 2011; Domhoff, 2012; Berman, 2011). It is one thing to express anger and frustration at the inequality in the income and wealth distribution, however, and it is quite another to protest based on a deeper understanding of what is causing this growing income disparity. An analysis of the economic trends of the past decades and certain other features of society in the United States reveals that the income gap is built on a self-perpetuating system that is further exacerbated by inequalities in access to education and healthcare.
Income Gap Self-Perpetuation
The primary reason that the income gap in the United States has continued to grow at rampant rates is that income, especially the take-home portion of income, is directly related to taxation, and on the other end income (that is, money) can be used to influence policy making through lobbying, campaign contributions, and other m
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This situation certainly suggests that the power and influence of increased wealth in the hands of the highest income earners is being used to influence policy and protect those that already have wealth while making it far more difficult for others to climb the socioeconomic ladder. The fact that the tax burden has shifted is not itself a major cause of the growing income inequality, but is rather provided as the clearest indication that the wealthy are indeed influencing policy using their wealth -- there is no other logical explanation for shifting the tax burden towards those unable to actually support it. Policy changes have also allowed for the extra income generated by the relative prosperity… READ MORE
Quoted Instructions for "Income Inequality for American Today" Assignment:
Can you use my topic sentence *****"the problem of income inequality could attribute to three primary reasons---globalization, outsourcing, and immigrants.*****" *****
How to Reference "Income Inequality for American Today" Essay in a Bibliography
“Income Inequality for American Today.” A1-TermPaper.com, 2012, https://www.a1-termpaper.com/topics/essay/income-inequality-exploring-explaining/5263541. Accessed 5 Oct 2024.
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