The Inequality Gap Of The Rich And Poor - 1183 Words

Some people would argue that the inequality gap of the rich and the poor does not affect our democracy. Others say the inequality gap is weakening our democracy. Either way, there is a wealth gap between the rich and the poor in the United States and as this gap between the classes expands, there is a debate over what should be done. On one side, people believe that great inequality between the rich and the poor is incompatible with democracy. Democracy is defined by the Oxford English Dictionary as, â€Å"a system of government in which all the people of a state or polity ... are involved in making decisions about its affairs, typically by voting.† Voting is essential to democracy and one of the most important rights of citizenship in our country. When a person votes, they participate in the political process and through this process many important decisions are made that impact everyday life. However, not everyone votes. According to the American Political Science Association, â€Å"nearly nine out of 10 individuals in families with incomes over $75,000 reported voting in presidential elections while only half of those in families with incomes under $15,000 reported voting† (American Political Science Association, pg. 6). Unfortunately, this results in the poor having less influence in our democracy. They are focused on working to help keep their families afloat. They also do not have excess money to support the politicians that will work in their best interest. On theShow MoreRelatedThe Inequality And Inhumane Gap Between The Rich And The Poor936 Words   |  4 Pagesof us suffer the inevitable calamity of poverty? Is it an unspoken actuality that some are born with intelligence and a path to success? Or is it just how we have created our world to function like? According to Marx, the inequality and inhumane gap between the rich and the poor is the result of a hypocritical, capitalist, government who has left little to no chance for the lower class to ever see the bright lights of prosperity. Marx came up with one basic principle: Everyone works according toRead MoreThe Context Of Growing Economic Interdependence1672 Words   |  7 Pageseconomic interdependence (globalisation); inequality is both growing within and between nations. In turn, analysing the following the following statement that â€Å"Inequality can undermine economic, social and perhaps even political stability. It can tear the very fabric that holds society together. We now have firm evidence that a severely skewed income distribution harms the pace and sustainability of growth over the longer term. The growing gap between the rich and poor is now at its highest levels due toRead MoreDisparity Between The Wealthy And Poor874 Words   |  4 Pagestreatment gradually emerging due to the 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 seriouslyRead MoreBenefits Of A College Student On Financial Aid1293 Words   |  6 Pagesdreams never manifest. Is it because they do not take the necessary steps to become wealthy? Or, could it be they take the steps but still get blocked because of the wealth gap? The wealth gap can be defined as unequal distribution of financial assets among a population. Or, to provide a better understanding of the wealth gap, think of it as â€Å"the haves† and â€Å"the have nots.† Of course the haves are the wealthy one percent of the population that controls almost 20 percent of the wealth. On the otherRead MoreIncome Inequality and Society1028 Words   |  5 Pages Income Inequality’s affect on Society Income inequality is on the rise and it is evident in most cities throughout the United States. There are individuals with six to seven figure incomes and then there are individuals whose income is just enough to get by. The middle class is not as prominent as the upper and lower class. This should be the other way around. There should not be so many cities with very wealthy neighborhoods right next door to low class, rundown neighborhoods, with little middleRead MoreSo Much Inequality in Our World1677 Words   |  7 PagesGlobal Inequality Most likely every single person in the world is going though an inequality and suffering from it in the society that we are living in such as racial inequality, gender inequality, income inequality, global inequality, and etc. Even though there are more people today joining organizations or associations to stop inequality than before, social inequality is keep growing. We need to think about why inequality is keep growing and not getting batter as the time goes. Growing inequalityRead MoreImpact Of Globalization On The World Economy934 Words   |  4 Pageseconomic. On the other side, researchers and experts are saying that, globalization helps in increasing gap between poor and rich people in all around the world. The impact of the globalization is so wide and board, it is difficult to solve, because every countries of the world are crying to develop their economy by globalization. As a result, the globalization increase the gap between rich and poor because of, improper wage syste m and insecurity of jobs, multinational companies, environment treatiesRead MoreFinancial Gaps in Mexico and The Pearl by John Steinbeck756 Words   |  4 Pagesplace in Baja California, Mexico) the main character and his wife live in very poor conditions; however, just a few miles away from their village, lives a rich town. This presents a major gap in the quality of life between these classes. The answers to the questions discussed in this paper (i.e., â€Å"To what extent is this financial gap in Mexico?† â€Å"Why does this gap exist?† and â€Å"What could we have done to prevent this gap?†) provide a basis of understanding of this topic. Although The Pearl was writtenRead MoreGender And Race Income Inequality1473 Words   |  6 PagesAmerica has a growing gap between the wealthy and everyone else. The United States is known as a melting pot and a country full of opportunities for all but it is also the place where upper class makes millions in an hour and the lower class only makes minimum wage. United States thrives on promoting everyone is created and treated equally but that happens not to be the case. Polls after polls shows a huge percentage of Americans biggest concern is the income inequality, the rich continue to get richerRead MoreAmerica s Income And Wealth Inequality987 Words   |  4 PagesToday in America, income and wealth inequality has continued to grow at an unsettling pace. The rich continue to get richer, while the number of people categorized as lower class grows exponentially. As Joseph Stiglitz has explained, many theories that are seen as strongly Republican, such as the trickle-down effect, has caused the rich to take money from the poor, and as a result the lower class grows and the middle class disintegrates. The top 1 percent of America’s households currently holds 30