Nobody downloaded yet

The Growing Income Inequality in Many Societies - Book Report/Review Example

Comments (0) Cite this document
Tthe reporter underlines that based on the assertions put forward by the Guardian, The Growing Income Inequality Is Evident In Many Societies. The inequality is wrong for it leads to negative bearings to the society…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.6% of users find it useful
The Growing Income Inequality in Many Societies
Read TextPreview

Extract of sample "The Growing Income Inequality in Many Societies"

Download file to see previous pages Therefore, various leaders including the Pope Francis have warned against the increase of inequality in the economy saying that it would be dangerous (Elliott, 2015).
The Guardian Newspaper also found out that inequality brought about the rise of political agendas. Therefore, governments have adopted a plan to handle inequality of wealth and income. The plan involves investing in free major services like education and health. This is to help the public benefit regardless of their economic class. Clamping down tax by introducing a regression method where people pay tax according to their income and not at a fixed amount is yet another plan used (Elliott, 2015). The government plan to introduce a minimum wage to ensure that workers are properly paid and introduce tax shifting to create a fair economy that will bridge the inequality gap (Gutting & Anderson, 2015). Governments were also expected to come up with a common goal that would eradicate inequality.
This kind of inequality development has been caused by the history of colonization to various economies. This is especially the third world countries that were colonized by countries like British. According to Deepak Lal, in The Misconceptions of Development Economics, many third world countries have the problem of income and wealth inequalities. This because rely too much on their colonizers for funds. This makes them have the problem of inequality of income because funds provided by these colonizers are dictated upon. This has more of negative impact on the poor than to the rich hence increasing the gap between them (Elliott, 2015).
The gap between the wealthy and the poor still enlarged over time due to various factors. Among other causes, neoliberalism is said to take the greatest blame for the widening of the gap. Neoliberalism has been defined as a theory that was used in the past years by the governments that hold the personal liberty of a government in free markets. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The Growing Income Inequality in Many Societies Book Report/Review”, n.d.)
The Growing Income Inequality in Many Societies Book Report/Review. Retrieved from
(The Growing Income Inequality in Many Societies Book Report/Review)
The Growing Income Inequality in Many Societies Book Report/Review.
“The Growing Income Inequality in Many Societies Book Report/Review”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Growing Income Inequality in Many Societies

Income inequality

...for their own interests, have been able to bend the political and legislative process to favor them (Frank; Krugman). The gist of the arguments against income inequality on the other hand, are those that speak of the many harms that income inequality pose on society, on various levels, as itemized and discussed in some depth by Krugman. The first is that income inequality fosters social inequality, and social inequality in turn breeds its own ills. Including that it forces families across all economic groups to be part of a treadmill of trying to keep up with each other...
3 Pages(750 words)Essay

Income Inequality

..., welfare and human rights. However income and consumption expenditure are considered as inadequate measurements for measuring women’s poverty. In contemporary societies women’s social position is resembled by the legal, political, cultural and religious freedom they experience. Hence women’s poverty is not primarily determined by lower incomes. It is rather associated with inadequate access to resources, lack of political rights, limited social options and greater vulnerability to risks and crises (Chant, 2008). Therefore a new research area named “feminization of poverty” had been identified. Restricted access to land and credit, decision-making power, legal rights within the family,...
6 Pages(1500 words)Essay

Gender inequality In eastern societies

...inequalities in a variety of fields, such as health, engineering, transport and agricultural fields. In other words, gender inequality relies on education but not at similar level. In that respect, in Eastern nations such as India and China have many common social and cultural characteristics, where a similar trend can be identified. Since gender inequality and discrimination is considered as the cause of poverty and vulnerability in the society, large-scale socio-economic and cultural change need to be implemented worldwide in order for women to receive sufficient education to improve their economic success and to experience educational parity with...
12 Pages(3000 words)Essay

Income Inequality

...situation and it is the baseline in determining income inequality. Since not all family members receive an equal income, the Lorenz curve turns out as a curve instead of a diagonal. The area between the curve and the diagonal dictates the measure of inequality from one member of a given family to the next member (Lorenz, 1905). Income inequality is a broad topic with numerous key issues to discuss. In this research, income inequality will be under analysis in terms of the cause, the advantages of income inequality, and ways of reducing income...
10 Pages(2500 words)Essay

Income inequality

...Income Inequality of Institute Income Inequality and its Measurement Introduction Income inequality refers to the disparities that exist in terms of income between different groups of people or households in an economy. The Gini coefficient together with the Lorenz curve make up the two measurements applicable to the measurement of income inequality. The inequality is a problem that faces not only developing countries but also developed countries. There are several factors that cause income inequality in developed countries. Such factors...
6 Pages(1500 words)Essay

Income Inequality

...was the severe income inequality distribution among individuals or a country. Also following the list was prolonged economic imbalances. Over the past couple of years, income inequality of the organization for Economic Co-operation Development (OECD) countries escalated from 0.29 to 0.32 between the mid 1980s and late 2000s. This is a noteworthy hitch amongst these countries, which since the Second World War appeared to grow towards more equivalent income distributions. For many, this setback outcome from an incompetence to decrease joblessness and create significant jobs for all. This tendency replicates different...
4 Pages(1000 words)Essay

Income Inequality in America

...Income Inequality in America Inequality in America is of great concern as President Obama commented ‘inequality is the defining challenge of our generation (Winship). Inequality has reached toxic levels in America especially after the great depression in which only a few people own wealth compared to the large population. Talented children from low-income families have a challenge of pursuing their careers through talent development. Income inequality is rising every day due to the stagnant incomes earned by the poor and the middle earners. The economy is growing at a...
4 Pages(1000 words)Essay

Poverty, Income Inequality, and Community Crime Rates large. If an individual engages in such conduct, he or she may be guilty of a given crime and eventually prosecuted in a criminal court. In today’s American society, criminal trials and criminal conduct are highly publicized in the media, particularly in areas where individuals are from low- to middle-income groups. Inequality with respect to income distribution thus plays a major role in motivating crime (Gilbert, 2008). States where there is a black majority reportedly have high crime rates (DeNavas-Walt et al., 2010). Similarly, many intelligence reports have indicated that the number of black people in correctional facilities has been on the rise...
11 Pages(2750 words)Research Paper

Income Inequality and Economic Growth

...Income Inequality and Economic Growth In indifference curve analysis, we get a combination of two goods or services that will give a rational consumer maximum satisfaction. However, once consumption is restricted by the level of disposable income, there is a budget line, which acts a constraint depending on the level of income. This creates a situation whereby one will have to abandon some goods or services in order to enjoy more of others. In cases of inequality that is brought about by unequal distribution of wealth and resources, the budget lines of the individual citizens are highly varied. In an attempt to achieve income equality,...
1 Pages(250 words)Essay

Income inequality in America

...Income inequality in America Income inequality is the unfair distribution of wealth and economic resources between various groups of people, different societies, or individuals within a state. Equity is equality, and where equity fails, inequality must stand. The wide gap between the poor and the rich is brought up by inequality in wealth distribution, life opportunities, and exploitation of resources by the rich at the expense of the poor, corruption among other reasons. Where income inequality is high, there is a slow economic growth of such a country. Income...
6 Pages(1500 words)Essay
sponsored ads
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.

Let us find you another Book Report/Review on topic The Growing Income Inequality in Many Societies for FREE!

Contact Us