Wealth Inequality

Question Description

Hi studypool. I'm looking for somebody who is expert in Sociology to help me with this.

At first you need to watch the video, then follow the guideline and answer the following questions. Remember, there is some source in blue-highlight words. Click on that to see the information about that words.

Video link:

In 2011, on the heels of the collapse of financial markets in 2009 and 2010, a series of protests, culminating in the movement referred to as "Occupy Wall Street", took place around the world. From Wikipedia:

"The main issues raised by Occupy Wall Street were Social Inequality and Economic Inequality, greed, corruption and the perceived undue influence of corporations on government—particularly from the Financial Services sector. The OWS slogan, We are the 99%, refers to inequality and wealth distribution in the U.S. between the wealthiest 1% and the rest of the population. To achieve their goals, protesters acted on consensus-based decisions made in general assemblies which emphasized direct action over petitioning authorities for redress.

And this disparity is not just in the United States. Globally, the wealthiest one percent control almost 50% of the world's wealth. One statistic recently cited by Forbes . is that the world's wealthiest 85 individuals have more wealth that the poorest 3.5 billion people, combined. But as the tables cited in the Forbes article demonstrate, the disparity in income and wealth is most extreme in the United States.

Are you at all concerned over the current distribution of wealth in the United States? Do you think it desirable, or undesirable? What would you do, if anything, to change it? What are some of the implications of such a distribution? Do you think the concerns of the "Occupy Wall Street" movement - with economic and social (not to mention, political) inequality, and the increasing influence of corporations on government - are legitimate? Do you think it is the responsibility of the government - through its policies and programs - to address this disparity in wealth?

I'm sure not many of you have given a great deal of thought to this issue, but wealth has been trending upward for about 30 years now, with most wealth gains going to those at the very top. Consider the implications of this for the rest of us, the "99%".

Final Answer

here are the responses. I had done a short summary of the video when you informed me not to. I can do away with it upon your request if you find it not important.

Surname: 1
Student’s Name
Wealth Inequality

Most Americans are aware of the inequality that exists when it comes to wealth
inequality. They think that wealth distribution should be more equitable. What they do not know
is that wealth in America is more unfair than they think. The actual wealth distribution in
America is shockingly skewed. 40% of the entire wealth of America is owned by 1 percent of the
population. Socialism believes in equal wealth distribution, which may not work in America
1. Are you at all concerned over the current distribution of wealth in the United States?
The current distribution of wealth in America is annoying.
2. Do you think it desirable, or undesirable?
Wealth distribution in America id undesirable considering that only one person holds 40% of the
nation’s wealth (politizane) while 50% of the world’s wealth is controlled by only 1% of the
population. Again, 85 individuals have more wealth than 3.5 billion people in the world (Shin).

Surname: 2
The most undesirable thing about this is that the wealthiest have acquired their wealth through
alarming means, for instance, corruption occurring as a result of government agencies meant to
act in the citizens’ best interest advances the political or commercial concerns of a particular
group, which dominates the sector the agency is supposed to regulate (Wikipedia). The most
alarming thing is that wealth is gained at the expense of the poor.
3. What would you do, if anything, to change it?
To address the issue of wealth inequality, I would encourage that all citizens be awarded equal
opportunity to access education, employment, and a business environment that is fair for all
participants among other things. I would also encourage the wealthiest to be investigated to
uncover if any illegal and unethical means have been used in efforts ...

george (4586)
Duke University

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