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An argument on the unequal distribution of wealth in america

  1. This is another example of why Rawls is one of the most overrated political philosophers in history.
  2. A dollar to a poor person provides more satisfaction than it does to a rich person.
  3. One person, one vote — yeah. Such claims show that the concern for some progressives is not really about objective morality, but about their own subjective envy.
  4. Greater incentive to work hard. Not directly, of course, but through the banks and capital markets.
  5. Advantages of Income Inequality Advantages of a system of unequal incomes are. Saez and Zucman released another working paper this week, which studies capitalized income data to get a picture of how wealth inequality in America, rather than income inequality, has evolved since 1913.

Advantages of a system of income equality are 1. Less use of natural resources. There is generally less use of natural resources and less conspicuous consumption as incomes and the standard of living in countries with equal incomes is lower.

More consumer satisfaction among the poor. Equality increases consumer satisfaction among the poor.

Wealth inequality in America: It's worse than you think

A dollar to a poor person provides more satisfaction than it does to a rich person. Thus, taking from the rich and giving to the poor increases satisfaction. The only caveat with this statement is that if equality leads to a low standard of living among all groups, there will be no money to distribute from the rich to the poor there will be no rich.

  • In large part, they were motivated to do this because of the rewards associated with their efforts;
  • The size of the rich-poor gap matters Some inequality is acceptable to pretty much everyone these days;
  • And now we come to the only reasonable and coherent answer to the question;
  • Saez and Zucman show that, in America, the wealthiest 160,000 families own as much wealth as the poorest 145 million families, and that wealth is about 10 times as unequal as income.

In a system of inequality, poor people generally have less political influence, because they have less opportunity to contribute to lobby groups, political fundraisers, and campaigns. When there is equality, everyone has the same economic influence. Fewer incentives for corruption and illegal activities for financial gain In an economic system in which incomes are low and more equally distributed typically in a non-free market systemtemptations to break the law for financial gain are less prevalent.

How Will the Unequal Distribution of Wealth in the U.S. Affect Economic Recovery?

In economies with higher levels of income inequality, the financial rewards for cheating and breaking the law if the person or business is not caught are greater. Advantages of Income Inequality Advantages of a system of unequal incomes are: Greater incentive to work hard.

Inequality provides incentives to work harder and more efficiently, as the rewards are generally greater. Greater savings and investments.

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Inequality permits greater savings, because there are more wealthy income earners. Higher-income earners save more than lower-income earners.

Greater savings frees up capital for businesses to borrow funds for more investments into technology and capital expansion.

More high-quality and innovative products. A nation with a higher standard of living has more opportunity to stimulate the production of new, high-quality, innovative products.

  • No, there is nothing immoral from the Christian perspective about being very rich;
  • Brooks, of course, is absolutely right;
  • There is no dispute that income inequality has been on the rise in the United States for the past four decades;
  • Economic disadvantage for the overwhelming majority translates into ill health, missed educational opportunity, and—increasingly—the familiar symptoms of depression;
  • There is generally less use of natural resources and less conspicuous consumption as incomes and the standard of living in countries with equal incomes is lower.

A higher standard of living allows a country to better help needy persons. There are more jobs, and average earnings are higher. There are also more people who can afford to and will give to charities. The Incentive to Work and Innovate The ability to earn more than others helps inspire people to work harder and strive to innovate and produce more and better products.

Section 2: Arguments For and Against Income Inequality

Without greater incentives for successful work, there will be dramatically less production, innovation, and wealth. If people who do not work, or do not work hard, receive the same or similar rewards as people who work hard, research, and invest significant time and resources to produce, the latter loses motivation to be productive.

The result will be that everyone works considerably less, and few people are inspired to innovate. This is what happened in the former Soviet Union, and is currently contributing to the economic stagnation in communist countries such as Venezuela, Cuba and North Korea.

In industrially developed countries, entrepreneurs such as Henry Ford, John D. Rockefeller, and currently, Microsoft CEO Bill Gates and many others have helped advance our economy through their inventions in various industries. In large part, they were motivated to do this because of the rewards associated with their efforts. This may seem selfish, but they have also helped many others live more comfortably and obtain jobs.