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In terms of information, Politizane's video isn't offering anything new: Its analysis of American perceptions of wealth distribution, the line between rich and poor and the issue of America's ...
Participation inequality usually helps political theorists determine where democracies fail or when political institutions are not democratically responsive. When political systems are too unequal in terms of political participation, it most generally means that there is a breakdown in the ability of all citizens to politically deliberate to ...
Wealth_Inequality_in_America_by_politizane.webm (WebM audio/video file, VP8/Vorbis, length 6 min 24 s, 640 × 360 pixels, 229 kbps overall, file size: 10.46 MB) This is a file from the Wikimedia Commons .
There is a political debate over the estate tax in the United States, which reduces inequality by taxing the estate of large quantities of wealth. The Tax Cuts and Jobs Act of 2017 doubled the exemption of estates by increasing the exemption from $5.49 million in 2017 to $11.18 million in 2018. [ 103 ]
Phillips, Kevin P. Wealth and Democracy: A Political History of the American Rich, Broadway Books 2003, ISBN 0-7679-0534-2; Story, Ronald. (1980) The Forging of an Aristocracy: Harvard & the Boston Upper Class, 1800-1870; Synnott, Marcia. The Half-Opened Door: Discrimination and Admissions at Harvard, Yale, and Princeton, 1900–1970 (2010).
[38] [39] More recently, the so-called "Rajan hypothesis" [40] posited that income inequality was at the basis of the explosion of the 2008 financial crisis. [41] The reason is that rising inequality caused people on low and middle incomes, particularly in the US, to increase their debt to keep up their consumption levels with that of richer ...
Economic inequality is an umbrella term for a) income inequality or distribution of income (how the total sum of money paid to people is distributed among them), b) wealth inequality or distribution of wealth (how the total sum of wealth owned by people is distributed among the owners), and c) consumption inequality (how the total sum of money spent by people is distributed among the spenders).
There are five systems or types of social inequality: wealth inequality, treatment and responsibility inequality, political inequality, life inequality, and membership inequality. Political inequality is the difference brought about by the ability to access governmental resources which therefore have no civic equality.