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
How did Villa’s agreement with Mutual Films change his fighting?
vladimir2022 [97]

Answer:

B

Explanation:

8 0
2 years ago
DO NOW: The following selections are from the Thoughts of Chairman Mao. For many years, Chinese
Natasha2012 [34]

A revolution is not a dinner party, or writing an essay, or painting a picture or doing embroidery it cannot  be so refined, so leisurely and gentle, so.. kind, courteous, restrained, and generous. A revolution is an  insurrection, an act of violence by which one class overthrows another.

Mao Tse Tung was a Chinese statesman, he was born in the city of Hunan in 1893, he was born into a family of rural workers. Where his childhood lived, school education was only considered useful to the extent that it could be applied to tasks such as taking records and others proper to agricultural production. Therefore, Mao Tse Tung abandoned his studies at the age of thirteen to devote himself entirely to work on the family farm.

5 0
3 years ago
Why did President Hoover‘s response to the great depression fail?<br><br><br> PLEASE HELP FAST!!!
kykrilka [37]
He didn’t do anything, that was the problem.
4 0
3 years ago
Seasons are caused by blank and blank.
Irina-Kira [14]

Answer:

by inclined axis and the revolution of the eart

6 0
2 years ago
Read 2 more answers
What are some reasons given by the Texas Secession Convention for leaving the Union?
Alinara [238K]

Texas Secession Convention ceded from the nation with the argument that it was against the principles of the state to follow the Republican government thus formed.

Explanation:

Texas Secession Convention was one of the main moments of the history of the US that led to the Civil war happening as Texas was a newer state that succeeded rather dramatically with its own governor forced to give up his place as he did not agree to the plan.

It was because the election of the Republicans to senate and Congress made them angry and they knew that the anti slavery sentiment as well as the imposition of tarries on the state were to be levied, the people in the  convention wanted out of the deal.

6 0
3 years ago
Read 2 more answers
Other questions:
  • Which of the following parts of an essay should always be included in the first body paragraph? A. A hook to engage the reader B
    8·2 answers
  • Electing representatives in free and fair elections __________.
    8·2 answers
  • Why did continental dollars become worthless ?
    11·1 answer
  • 6. What was one reason the South faced severe economic problems during the Civil War?
    15·1 answer
  • If you were leader of Germany in 1933, what would be your strategy to conquer Europe? I want a step by step guide to your plan
    7·1 answer
  • Why casework is such an important aspect of being an effective legislator?​?​
    14·1 answer
  • Huguenots were French Protestants who influenced by John Calvin, a famous early Protestant.
    14·2 answers
  • Pls I need this answered right away
    13·1 answer
  • What is the purpose of a loan?
    13·1 answer
  • British colonies in New Zealand and Australia differed from British colonial
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!