× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
L
3
d
3
y
3
a
3
n
3
d
3
e
3
d
3
c
3
p
3
M
3
a
3
New Topic  
shabazz627 shabazz627
wrote...
Posts: 851
Rep: 0 0
6 years ago
Do you believe there should be a redistribution of some of the wealth from the top one-fifth to the lowest one-fifth in the United States?
 
  What will be an ideal response?
Read 26 times
1 Reply

Related Topics

Replies
wrote...
6 years ago
The distribution of wealth and income is highly unequal in the society. Like most countries, the United States is characterized by social stratification; that is, it has social classes, with the upper classes having by far the greatest access to the pleasures that money can buy.

In the United States, the top 1 of all households have over one-third of all personal wealth. The distribution of income is even more unequal: the wealthiest 20 of households in the United States receive over 50 of all income, whereas the poorest 20 receive less than 5 of all income.

Given the enormous wealth of the richest 20, it is clear that a simple redistribution of some of the wealth from the top one-fifth to the lowest one-fifth could easily wipe out poverty. Of course, that is not politically acceptable to members of the top fifth, who have the greatest control of the government. It should also be noted that many of these rich families avoid paying income taxes by taking advantage of tax loopholes and tax shelters.



New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1114 People Browsing
Related Images
  
 314
  
 761
  
 265
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 405