Class Structure of the United States

4 April 2015
This paper looks at the distribution of wealth between the rich and poor in the United States.

This paper pays special attention to the division of wealth among the different segments of the population in the United States. The author presents data to support his supposition that the rich are getting richer and the poor are getting poorer. The middle class, according to this author, has suffered the greatest losses over the last generation. Some of the topics discussed in this paper include how corporate greed has impacted on the distribution of wealth, what has caused the rate of poverty in America to grow at an unparalleled rate and how the tax structure affects the huge gap between ‘haves and have-nots’. The author offers some suggestions to the problem and points out what economic changes need to be made in order to correct this growing problem.
“America today houses more rich people than ever before and the gap between the rich and poor is rising. But is it fair to resent the rich because of this? In the United States, advancement is supposedly based on merit and everyone has an equal opportunity. (Reiman) Bill Gates is so far up on the financial ladder because he seized opportunities and used his brains to get ahead. Michael Jordon developed an extraordinary skill that enabled him to make millions playing sports. These are the cases that the rich might want to showcase. But the fact remains that in the United States, opportunities are not genuinely equal. Governments need to work harder to improve public education and ensure that it is open to all. However, researchers believe that even if the government did provide equal opportunities for everyone, the inequality of power would still maintain the inequality of wealth distribution. Power is often abused to raise prices and exclude competitors. This abuse of power gave rise to antitrust laws in America, as governments sought to restrain monopolies and cartels.”

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