1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
KonstantinChe [14]
3 years ago
13

Is income and wealth distribution still a problem in America today? Why or why not?

History
1 answer:
Tema [17]3 years ago
6 0

Bold prediction: Rising inequality of income and wealth will be the most important political battleground over the next few decades.

Just take a look at the figures. The share of income accruing to the top 1 percent increased from 9 percent in 1976 to 20 percent in 2011. The richest 0.1 percent controlled 7 percent of the wealth in 1979 and 22 percent of the wealth in 2012. Meanwhile, there are a number of studies out there showing that the most effective way to reduce this inequality would be higher taxes on income and wealth, but the rich won’t let it happen.

Consider also this: The rise of income inequality and wealth inequality are intimately connected, and causes all sorts of problem over the long term. As Emmanuel Saez and Gabriel Zucman write,

Income inequality has a snowballing effect on the wealth distribution: top incomes are being saved at high rates, pushing wealth concentration up; in turn, rising wealth inequality leads to rising capital income concentration,which contributes to further increasing top income and wealth shares.


You might be interested in
The Jewish (sacred writings) are called the ______
EastWind [94]

I think it's called Tanakh. Sorry if I'm wrong!

4 0
3 years ago
Which of the following is not an influence on production?
sp2606 [1]

Answer:

d

Explanation:

6 0
3 years ago
A nations power based on wealth is called?
almond37 [142]
A nations power based on wealth is called is usually referred to as GDP, or "Gross Domestic Product" (if I'm understanding the question correctly. Although this isn't always a great indicator of the fundamental "health" of the country.<span />
6 0
3 years ago
The historian Procopius attributes this speech to Theodora. She supposedly said it to Justinian when he wanted to flee from the
mezya [45]
The answer is <span>It is shameful for an emperor to flee the rioters.

It is dishonorable for a ruler to escape the agitators. Ruler Theodora's part amid the Iconoclastic Controversy is the point at which she reestablished the utilization of symbols after her significant other's passing. She evidently said it to Justinian when he needed to escape from the Nika Riots.
</span>
6 0
3 years ago
Did Jesus repeat basically one message to Nicodemus three times
elena-14-01-66 [18.8K]
<span>Did Jesus repeat basically one message to Nicodemus three times. </span>Your answer is true
5 0
3 years ago
Other questions:
  • What term described president john f. kennedy's proposals to improve the economy, education, healthcare, and civil rights?
    7·2 answers
  • In what way did Congress continue the work of the Constitutional Convention? What "gaps" in the Constitution did Congress fill?
    13·1 answer
  • What was a primary cause of the collapse of the Soviet Union in the late 20th<br> century?
    6·2 answers
  • All of the following were provisions of the compromise of 1850 except:
    10·1 answer
  • The Intolerable Acts:
    12·2 answers
  • Who posed a threat to the Safavid and Mughal empires
    12·1 answer
  • Which of the following statements about the Civil War is FALSE?
    9·2 answers
  • How did long term unrest lead to a communist revolution in russia
    6·1 answer
  • What was a direct result of World War I?
    8·2 answers
  • ANSWER ASAP!<br> Why did colonist oppose the quartering acts?
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!