Question

Is there really a problem that needs to be addressed regarding the imbalance between wealthy business interests and less-wealthy interests? Can one address this issue without bringing in issues of free speech and individual liberty?

Answer 1

Wealth Inequality is soaring. Those who are not healthy are more likely to have their money in Savings accounts and home ownership.This difference comprises the largest reason or the continuation of wealth inequality in America;the rich are accumulating more assets while the middle and working classes are just getting by.

We can reduce wealth gap between rich and poor by these six policies

*Increase the minimum wage

*Expand the Earned Income Tax

*Build assets for working families

*Invest in education

*Make the tax code more progressive

*End residential seggregation

Each of these policies if carefully implemented has the potential to lift working families out of poverty support greater mobility and or reduce the growth of inequality

The more examples of social inequality include income gap,gender inequality , health care and social class

The wealthiest people in capitalist society contribute to society by starting small businessess that turn into big businessess that turn unto global businessess

Effects of income inequality researchers have found include higher rates of health and social problems and lower rates of social goods, a lower population wide satisfaction and happiness and even a lower level of economic growth when human capital is neglected for high end consumption

Societies with pronounced economic inequality suffer from lower long term GDP growth rates , higher crime rates, poorer public health, increased political inequality and lower average education levels.

Important types of economic measurements focus on wealth, income, and consumption Research suggests that greater inequality hinders economic growth with land and human capital inequality reducing growth more than inequality of income.

The majority of analysts conclude inequality is increasing. In 2013, nearly half of all global wealth was owned by one percent of the global population. In current trends, Oxfams says, in its latest research,it expects the ealthiest 1 percent to own more than 50 percent of thwworld wealrth by 2016.

Some economists conclude inequality is beneficial overall for stimualting growth,imporoves thequality of life for all mmbers of a society, or is merely a necessary part of social progress. Other economists claim wealth concentrations create perpetually oppressed minorities, exploit disadvantaged populations, hinder economic growth, and lead to numerous social problems

By 2030 it is predicted that the richest 1%will own thirds of global wealth.