Social Income Inequality Essay - 1162 Words

A major social problem in America today is its inequality of the distribution of income. Income inequality refers to the gap between the rich and the poor. The United States has the most unequal income distribution in the industrialized world, and it is growing at a faster rate than any other industrialized country (Eitzen Leedham, pg. 37). The main reason as to why income is distributed so unequally is because of the gap between social classes. Each social class has a certain power, and that power is their economic ability to change society. The four major classes are the capitalists, managers, small entrepreneurs and the workers. A persons clothing, housing and educational opportunities usually depend on their class, but that†¦show more content†¦Two important factors that determine a workers income, regardless of their class, are their race and gender. Minority groups as well as women are less likely to receive an income they deserve, regardless of the job. They a re seen as less educated and less capable of doing certain jobs, and they are restricted in advancing and achieving a more suitable income. Only the top capitalists, white males, are receiving the bulk of the nations income revenue and all the benefits that come along with it. They are the richest people of the United States and instead of being taxed like everyone else, they are allowed even more lee-way. There is a solution to this problem that will save small farms and businesses, eliminate the ‘death tax for all Americans and still preserve the integrity of the federal budget: Tax the net worth of the very richest Americans on a regular basis during their lifetime (Eitzen Leedham pg. 40). The already rich continue to earn more and more money with their jobs, and they are not being taxed in proportion to their income. They have gotten away with accumulating more of the nations wealth, while others struggle to make it in life. Income is important to well-being in this so ciety because most goods and services Ââ€" food, housing, clothing, medical care, legal aid, aShow MoreRelatedThe Social Issue Of The Income Inequality Essay1433 Words   |  6 PagesThe social issue of the income inequality In today’s modern world, as the technology has developed better daily, whereas the gap referred to income inequality between rich and poor still has not solved but has widened. Income inequality simply refers to the extent to which income is unevenly and unreasonably distributed in manner among a population. The inequality brings economic instability, but sadly most people are not relatively concerned about the wide inequality between classes. Ever sinceRead MoreIncome And Social Class Inequality1281 Words   |  6 PagesINCOME AND SOCIAL CLASS INEQUALITY IN AMERICA This paper will review and analyze the relationship between income inequality and society, and how social class brackets came to exist. 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