The Issue Of Income Inequality Essay - 1236 Words

Income inequality has slowly become an issue gaining momentum over the last thirty-five years, did we see it coming, I think so. It has always been an issues, only after decades of misleading political leadership spanning decades are people finally fed-up of being misled and lied to. The current election for the next president has brought about a voice of the American people to demand a change within our three failing political systems that govern America. Only this change, I believe is going to bring a country to its knees, the wealth holders are not, going to just step aside and willing unlock the scales of wealth that to encumber its poor, they are going to dig in and hold fast to what they have stolen and hoarded since the time of slavery. Broken at the foundation- Congress failed in its obligation to keep a close watch on the small increasing hikes in taxation, that repeatedly brought sanctions on the poor, that created a false redistribution of wealth in America, for the last three decades’ income disparity has reach an all-time high for selective groups of Americans. The government influenced income inequality and growth by shifting support to ambiguous government supported programs, that benefitted a selective groups of Americans by lessening their taxation rate, while snowballing the tax imposed on the poorest Americans. The riches 1 - 10% have accumulated an increase in wealth approximately 7.5 times over the normal working household in the US. â€Å"The articleShow MoreRelatedThe Issue Of Income Inequality Essay1496 Words   |  6 PagesOne of the most deeply divisive issues in the United States is the question of income inequality: whether it exists and whether we are obliged to address it. 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In particular, the maldistribution of wealth has lead to various issues in the US society as well, not only economically, but also psychologically. Prior research shows that lower income status is positively associated with exposure to stressors and negative life events (Lantz et. al, 2005ï ¼Å' Santiago, Wadsworth Stump, 2011) In otherRead MoreWhy Is Income Inequality an Important Issue for the Chinese Society and Its Future Economic Growth?2192 Words   |  9 PagesWhy is income inequality an important issue for the Chinese society and its future economic growth? Introduction Nowadays, China has become the second largest economy in the world. The GDP (gross domestic product) of china was growing at 9.7% per year in average since 1978, which the year of Chinese â€Å"open door† politic founded. China also has become the biggest producer and consumer in many key agricultural and industrial markets and the largest FDI recipient among the developing countries. 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Yes, rich people benefit the most from income inequality, however they do not participate towards a fair level of taxpaying commitment, in comparison to those indiv iduals who live low or middle class lifestyles. Anger occurs frequently