Unequal Distribution Of Wealth - 1477 Words

The unequal distribution of wealth has always been a huge problem that has plagued society throughout the ages. As forms of governments of each nation have changed, the unequal distribution of wealth has remained a constant. Even in Communist countries, which were supposed to eliminate this problem by abolishing the private ownership of land, the unequal distribution of wealth was still a problem in their society. It is difficult for society as a whole to make advancements, because of the unequal distribution of wealth. It also creates a gap between the classes in a society, which usually leads to clashing opinions about many important issues. The unequal distribution of wealth also makes the living conditions of the less fortunate†¦show more content†¦The unequal distribution of wealth is a major problem that all societies must face. The biggest problem that it creates is a large separation between the upper and lower classes in society. The gap between the two classes is m ostly caused by a difference in interests. For example, Marx believed that the upper class is only concerned with increasing its own cash flow, and as a result, ?Has converted the physician, the lawyer, the priest, the poet, the man of science, into its paid wage laborers?(225). I only partially agree with Marx?s idea, because although the upper class is concerned with its own well being, it doesn?t necessarily exploit the lower class and make them a mere wage slave. The gap is actually created because the poor want laws to be made that help them maintain what little wealth they have, while the upper class wants to pass laws that will help them gain more wealth. Marx also believed that the unequal distribution of wealth, ?Has reduced the family relation to a mere money relation?(225). I have the opposing opinion on this matter. People who are in poverty usually have closer family relationships than the upper classes do, because they are more dependent upon one another to survive. Th e unequal distribution of wealth also makes it difficult for the poor to get out of poverty. The poor normally have inadequate schooling, which makes it difficult for them to get good jobs, and thusShow MoreRelatedUnequal Distribution of Wealth Essay1487 Words   |  6 Pagesthe country’s wealth. Wealth can be defined as a person’s assets and monetary gains. This unequal distribution has caused numerous economic and geographical problems, such as how resources are divided among countries, how developed or industrialized a country is in relation to wealth distribution and the wide spread of disease and lack of medical attention due to an absence of money. In this paper I will address the negative and positive aspects associated with wealth distribution. I will explainRead MoreUnequal Distribution of Wealth Essay792 Words   |  4 PagesSmith was very conscious of how the wealth was unequally distributed amongst the poor versus the wealthy, and how and if this dist ribution continued it would leave the poor at a disadvantage, in the sense they will never have the opportunity to move ahead and will always be at the mercy of those who possessed more wealth. Mr. Smith viewed economics contrarily than the mercantilist. Compared to the days of old, the views of economics and mercantilism based wealth on the amount of gold and silver theRead MoreUnequal Distribution Of Wealth, Unethical Behavior949 Words   |  4 PagesBesides unequal distribution of wealth, unethical behavior may arise due to imbalance knowledge. Asymmetric information is perceived to be the root of unethical behavior (Kolb, 2008). The unethical behavior relies on the usage of private information for personal benefit (Kolb, 2008). 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In order to reduce education inequality, the funds allocated to the low-income neighborhoods in a state should to be increased not only to decrease the gap between rich and poor and decrease the amount of poorly paid teachers, but also to provide schools with enough resources to ensure success. Although in the past the biggest cause for unequal opportunities in education has beenRead MoreEquality And Social Inequality Of Class And Class Equality1400 Words   |  6 Pagesethnic social divisions and how they highlight an unequal distribution of wealth, privilege and power. Unequal distribution can be seen in a variety of ways, such as income and wealth inequality for the working class, and unequal opportunities for ethnic minorities in the workplace. This essay will also be discussing how ethnic and class divisions interlink. Firstly, the sociological study of ethnic inequality highlights the unequal distribution of wealth, privilege and power. â€Å"Racism is built into theRead MoreAccounting Practice Contributes to a Just Distribution of Resources1602 Words   |  7 Pagesregulations, which can result in unequal treatment or unequal distribution of goods and services among different people. Some laws favor certain members within a community while putting a burden on other members. An economic system is, for the most part, a result of political processes developed by humans and the processes are ever evolving within societies. The legal structure of an economic and political system are important because certain resource distributions are a result created from the systemRead MoreAn Annotated Bibliography On Household Wealth Essay729 Words   |  3 PagesHousehold Wealth in China. Chinese Sociological Review 47.3 (2015): 203-229. Academic Search Complete. Web. 27 Oct. 2015. Xie and Jin examine the leve l, distribution, and composition of household wealth in contemporary China. The study reveals that the richest one percent of the population owns over one third of the total national household wealth, while the poorest twenty five percent owned less than two percent in 2012. Housing assets in China show to be the largest component of household wealth, comprising