We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

After shock: Is america ready for social cohesion - Essay Example

Comments (0) Cite this document
Summary
In his book,Aftershock,Robert Reich contends that the primary cause of America’s financial turmoil is the economic inequality that characterizes the contemporary American Society.He recommends that an apt remedy would be to strive for economic equality. …
Download full paper
GRAB THE BEST PAPER
After shock: Is america ready for social cohesion
Read TextPreview

Extract of sample
After shock: Is america ready for social cohesion

Download file to see previous pages... In his book, Aftershock, Robert Reich contends that the primary cause of America’s financial turmoil is the economic inequality that characterizes the contemporary American Society. He recommends that an apt remedy would be to strive for economic equality. Equitable wealth distribution where the middle and lower class have a bigger share of the national cake would result in increased spending, which would in turn stimulate the economy. This paper will seek to summarize and review Reich’s recommendations as well as draw a level of inference with regards to whether or not American society is ready for a greater degree of social cohesion. Reich contends that it is in order to enact measures that would result in increased equitability in the distribution of economic resources. To achieve this, he asserts for example that a reverse income tax mechanism could be adopted, whereby the rich are taxed more while those earning less have their income supplemented by the government (Reich). This would aim to increase the amount of disposable income available to those in the middle class, increasing their purchasing power and spending capacity, thereby stimulating the economy. Another proposal set out by Reich is to have corporations pay a severance tax of 75% of an employees annual pay when an employee is laid off. In doing so, the aim would be for the taxman to reap from the increasing layoffs by corporations as they seek to outsource labor. Ostensibly, however, the move is aimed at deterring layoffs, thereby protecting the interests of workers. A sharp analysis of these recommendations reveals that they may not be so effective in the long run. Though they would be effective in stimulating the economy, it is hardly moral to tax individuals for accruing wealth, in an economy whose basic principle encourages individual wealth accrual. Furthermore, though increasing spending is likely to stimulate the economy, the gains therein are more likely to serve countries from which these products are sourced. According to Tucker, most of the shopping goods purchased by the middleclass come from outside our borders (toys from China, wine from Spain) (53). The principle underpinning of Reich’s recommendations is social cohesion where each citizen holds the interests of fellow citizens at heart, the result being equitable distribution of national resources. Though a good notion, a quick glance at past attempts at such projects indicates that equitable distribution is not quite as feasible. The funding for public education clearly elucidates on this. In America today, there is the inequitable distribution of funds meant for public education. The inequity stems right from the point where funds are sourced, since about 50 % of funding comes from local taxes (Biddle and Berliner 48). This out rightly places impecunious localities at a disadvantage. These differences are experienced at the state level, the district level and even for public schools within the same district. Biddle and Berliner point out that these inequalities probably stemmed from a shift of systems from one where funds were sourced from voluntary contributions, to one where the local property tax catered for this funding (53). As civilization progressed, there was class filtering where the more affluent were eventually separated from the more impoverished. Already entrenched in the minds of each individual was the notion that school funding should be sourced locally and therefore, those in the affluent suburbs saw no reason to inject funds to the more impoverished schools. As such, Reich’s description can be seen as one of the most fundamental levels of disagreement which currently exists within the American ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“After shock: Is america ready for social cohesion Essay”, n.d.)
Retrieved from https://studentshare.org/creative-writing/1475733-after-shock-is-america-ready-for-social-cohesion
(After Shock: Is America Ready for Social Cohesion Essay)
https://studentshare.org/creative-writing/1475733-after-shock-is-america-ready-for-social-cohesion.
“After Shock: Is America Ready for Social Cohesion Essay”, n.d. https://studentshare.org/creative-writing/1475733-after-shock-is-america-ready-for-social-cohesion.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Social class in America
Society is more complex than that. A person’s social standing depends greatly on their upbringing. Simply because a person from a poor family becomes wealthy does not mean they can buy their way into the upper class.
3 Pages(750 words)Essay
Argument of After Shock
Hence this book suggests methods and remedies through which personal economic damage can be minimized even when the economy on the whole is falling apart. As the authors say in the book, “All we can offer is realism, based on facts and logical analysis” (10) and the rest depends on the reader and his interest in benefiting from the writers’ perspective.
7 Pages(1750 words)Essay
Critical analysis of research report: Social cohesion in diverse communities, Maria Hudson, Joan Phillips, Kathryn Ray and Hele
It is a qualitative research that seeks to understand the factors and conditions that could encourage socio-communal cohesion in the face of diversity. This study became imperative shortly after September 11 attacks at the World Trade Center and the July 7 bombing of London which has caused an unprecedented increase in hatred toward the immigrants in Britain, particularly to people who practices Islam.
6 Pages(1500 words)Essay
Do Markets and the Division of Labour Encourage or Discourage Social Cohesion
These stages are designed to perform a specific task in the production process. The most commonly known definition of division of labor is the definition by the famously known economist, Adam Smith; in his definition he defined division of labor in terms of specialization (Rogowski 2008).
9 Pages(2250 words)Essay
The Impact of Markets and the Division of Labour on Social Cohesion
People need to make meaningful interactions for purposes of working together, conducting businesses or living with others regardless of their diversities. This requires that every aspect of the human society like education, market structures, production processes, cultures, socialization, spirituality among others should be used as tools of enhancing this cohesion.
8 Pages(2000 words)Essay
Immigration to America after the Civil War
The basis of the war had economical motivations related to the use of slaves for labor. The war ceased in 1865 and immediately immigration dynamics were completely changed, immigrations to the United States increased tremendously (Digital History 1). The rise was attributed to several factors motivated by the need to stabilize the economy and balance demand and supply.
6 Pages(1500 words)Essay
Social Mobility in America
It can also refer to status change between an individual or group and their previous generations, which is inter-generational mobility, or during the individual’s lifetime, which is intra-generational mobility. The United States has seen a decrease in social mobility since the boom after the Second World War (MacMurrer & Sawhill 11).
4 Pages(1000 words)Essay
Community Cohesion
The author of the essay casts light upon the social cohesion in the UK. According to the text, the UK government has recently undertaken measures to eradicate ethnic differences and promote social cohesion among people across different cultures. Moreover, the UK urban policy in trying to regenerate community cohesion.
12 Pages(3000 words)Essay
How did the industrial revolution that happend after the civil war in america changed the social,political, economic and philosophical system in the country
For instance, industrial revolution positively impacted US economy because new industries across Southern, Western and Northern regions were established that provided
2 Pages(500 words)Essay
An evaluation of the impact of immigration on Social Cohesion in present day Britain
This chapter is divided into two parts. The first part of this chapter presents the results of the survey and the second part presents an analysis and discussion of the results. Twenty-seven of the respondents were male and 25 were female. Forty-nine of the
1 Pages(250 words)Essay
Let us find you another Essay on topic After shock: Is america ready for social cohesion for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us