Wealth and Power in the United States

Wealth and Power in the get together States Hugo Lindgren Chief Editor b ar-assed York Time Magazine email&160protected com This letter is to inform the public of how neighborly class division is related to the concentration of wealth in the United States and support the need to redistribute wealth in the States. Today our communities be divided by amicable class poor citizens red-hot in poor areas of the community while citizens who make to a greater extent m iodiney live in better areas of the community. Social class determines a great pack slightly citizens circumstances.Circumstances like education, health care, shelter, food and clothing. Generally the wealthiest or interior citizens only associate themselves with other citizens who are in the same kindly class. The same concept comes into play with the midriff, work and poor class. Today the fleet 1 part is increasing in wealth while the middle and working class are decreasing. This inequality of wealth in Ameri ca is becoming more and more of a problem for the middle and working class. Wealth is the positive value of what a citizen owns. For ex angstrom unitle if a citizen owns a house the bank ay own half of the house until the loan is remunerative off but whatever the value is of the other half is how very much wealth the citizen has from the house. Redistribution of wealth is raising taskes on citizens that fork out already do it to provide relief for the ones who havent. The sectionalisation theories best describes the distribution of wealth because it breaks down how the wealth is broken up amongst citizens of the United States. The rich have done much better than the middle or working class. The gratuity 1 percent had 22. 9 percent of national income in 2006 a number that hasnt been matched since 1929 said CBS News Jeff Green inAmericas Class Warfare. While a citizen from the top 1 percent has already achieved success, wealth and power. The middle and working class has not an d with a constant accession in cash flow for the wealthy and a constant pass in cash flow for the less successful come a concern for those in public office. President Obama proposes lowering taxes for the less fortunate and a small increase for the citizens who have achieved success with wealth and power. However, other Officials have opposed President Obamas approach to redistributing wealth.Mitt Romney stated I think its about envy, I think its about class warfare When you have a president encouraging the image of dividing America based on 99 percent vs. 1 percent those people who have been most successful bequeath be in the 1 percent youve opened up a whole new-sprung(prenominal) wave of approach to this country which is entirely inconsistent with concept of one nation under god. President Obama insists that by helping others will spread the wealth by having the rich pay a lowly more taxes so the middle class receive a tax credit because the middle class needs it most (Oba ma, 08).President Obama stated I believe in redistribution at least at a authoritative level to make sure that everybodys got a shot Everyone has the demote to maintain a roof over their heads and send their kids to college. Everybody that works challenging can make it. Social class segregation is visible in all 52 states of America. Upper, middle and working classes have their own geographic residential areas within communities. Ethnic segregation begins within the social class groups because the majority of working and poor classes of Americans are minorities. The high class and elites are mostly white Americans.Therefore, geographically America is in fact more divided by this social class system. In 2006 10 percent of whites have been recorded as being below the poverty controversy while 24 percent of blacks remain below the poverty banknote (Harrison &amp Dye, 2010). In 2010 the top 1 percent had a 35. 4 percentage over the bottom 80 percent with 11. 1 percent of total n et worth (Domhoff, 2005). However, it is this system that provides America with the remarkable opportunity that people from all over the world are raddled to. The fact that in America if you work hard and play by the rules you can reap he rewards by becoming successful and come up up the social class ladder. Power in America is achieving higher(prenominal) education, owning property, financial freedom, maintaining a good credit. Power is measured by cautious items such as expensive cars, jewelry, clothing, electronics, Vacations. It was William Thompson who said Our position in the social hierarchy affects our health, happiness, and even how long we will live (Thompson, 2005) Reference Harrison, B, C &ampDye, T. R. (2011) Power and society An introduction to the social sciences (12th Edition) Boston, Ma G.William Domhoff, September, 2005 retrieved October 15 2012 from http//www2. ucsc. Edu /who rules america/power/wealth. html Jeff Green (2006) Americas Class Warfare retrieve d October 15 2012 form http// www. youtube. Com /watch? v=bGS2G79IxTc&ampfeature=fvst Mitt Romney Quote retrieved October 15, 2012 from http//www. youtube. com/watch? v=5wtLKcAU4wQ tally Obama Retrieved October 15, 2012 from http//www. youtube. com/watch? v=BRPbCSSXyp0 Obama Loyola University, C-SPAN October 19, 1998. http//www. youtube. com/watch? v=z0PUUpa5X4E William Thompson, Joseph Hickey, Society in Focus, 2005