Saturday, May 9, 2020

Income inequality can be defined as the difference of...

Income inequality can be defined as the difference of distribution of assets, wealth, and income between the populations. The term income inequality refers to the inequality among persons within a society. The topic is commonly debated, and the liberties and rights of people are often brought into the debate being made. In America, it has been said that â€Å"The 400 richest people in the United States have more wealth than the bottom 150 million put together† leading the reader to believe there is a huge inequality problem that is only growing wider. There is no doubt that the income gap in America is growing, with the middle class taking home 9% less than they had in 1999, but I feel that the government does not have the obligation to lessen†¦show more content†¦At first glance, I feel a majority of people will answer yes, the government holds an obligation to lessen the income gap, just as I did. However, after dissection and analysis of the question, more question s are brought up, questions that are not so easily answered. How would the government come about a solution to lessen the income gap? Just as I previously stated, it would be a matter of theft from the wealthy to support the poor, and support their right to equality. This argument does not seem viable, due to the fact that the wealthy persons rights are now being all but forgotten. The redistribution of wealth can be simply put as taking a little from the wealthy, and sprinkling some here and some there, as they should not need all that excess wealth. This ideology sounds like Marxists philosophy, which does not have a history of prevailing. When the government controls and distributes the wealth, what is the motivation to produce more? Higher level of production would only lead to more government interference. Although there is no doubt income inequality exists in the United States, the government does not have the obligation to lessen the gap. A government has the obligation to pr otect citizen’s rights, and the only means of lessening the wage gap that I could find, violated the rights of citizens. Income inequality can be an incentive for people. It encourages creativity necessary to allow people to climb in the ranks ofShow MoreRelatedEconomic Inequality, Inequality And Inequality952 Words   |  4 PagesOECD, the term inequality in the opposite of equity can be defined as evenness or fairness within the social, political, and economic perspectives. Equity forms the core value of both the western democratic tradition and religions. From the concept of equality, inequality can be described as unfair or uneven treatments of the people within the society or unequal distribution of resources, income, and other factors between different sectors in the society. 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