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Question on Social Inequalities - Term Paper Example

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It is most probable that Karl H. Marx would have thought little of Buffet’s proposition. This is because, Marx saw the disproportionate acquisition of wealth and the controlling of state apparatuses (such as the monopoly of legitimate use of force and violence and the media) by the ruling class as what kept the oppression of the working class thriving. Marx saw the way of solving the problem of class consciousness and conflict as coming through a very radical institutional change- a revolution. Marx may gainsay Buffet’s proposition as cosmetic surgery since even the face of equitable taxation, the rich capital will still continue to enrich themselves by controlling the tools of production. Marx Weber on the other hand may consent to Buffet’s proposal since Webber was an unrelenting anti-capitalist critique who believed in the universal values of liberty, justice, equality, autonomy and self-accomplishment. It is because of the latter (self-accomplishment) that Weber argued in favor of private capital. Weber (Weber, 2004) would have bought Buffet’s idea as its ratification would have brought equality in the society while maintaining the capitalist’s need to proceed with the cause of self-accomplishment (by leaving labor relations intact). Question 2 Different scholars have seen race relations underpin socioeconomic relations. Conley in In Being Black, Living in the Red states that it is impossible to grasp the persistence of racial inequality in America without considering the asset

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gap between blacks and whites. Conley states that it is not enough to consider the traditional SES indicators (income, education and occupation) when studying the inequality. To Conley (2009), socioeconomic values such as income, family size, assets and education are a direct and indirect effect of race and race relations. Conley explains that it is not race in itself that causes the disparity in value distribution, but how class positions and the wealth levels are underpinned by race relations in America. The import of this is that the concept of class should be re-conceptualized by relating wealth ownership with inheritance. This will help establish the extent to which life’s chances are causally underpinned by a parent generation’s class position. Conley recounts how slavery and racial discrimination in the distribution of socioeconomic values locked out the African American, to underscore the aforementioned standpoint (Conley, 2009). Portes and Rumbaut (1996) maintain that race relations play an important role in the concentration of wealth, particularly through immigration. Portes and Rumbaut wax poignant that immigration is not one-dimensional, so that it is inaccurate to lump immigrants into one category. This is to the effect that contemporary immigration patterns reflect different points of origin and socio-economic backgrounds. Despite this fact, unequal laws are effected in the US to discriminate against the immigrant. Because of these unequal laws, immigrants settle in less decent conditions and are not able to access social amenities and services. Portes and Rumbaut suggest that legislations are made to accord temporary (immigrant) workers with a capped 1,000,000 jobs per year program. Likewise, legislations should be made

Summary

Warren Buffet as the chairman and CEO of Berkshire Hathaway argues that the government should impose higher taxation on the rich capital owners and leaders. Buffet says that while the middle class and the poor are taxed, the mega-rich are mollycoddled with tax breaks and that this should not be the case. …
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