Wealth
As our economy grows and becomes more productive as well as more prosperous, it is evident that the profits only benefit a few people. The middle and lower classes seem to be the victims in America's magnifying wealth-gap. Wealth is the abidance of valuable possessions as well as of money. The wealth-gap is the difference in income and prosperity between the rich and the poor. Our wealth-gap widens due to taxation differences, investment differences in stocks and bonds, and the unfair job opportunities in the manufacturing trade industry. A person is considered wealthy when their income is substantially larger than that of the average person in their community. Society encourages everyone to strive for power and wealth and as Cohen says, "money in all its manifestations has always been the prime source of power". Yet given the situation, not everyone attains it. A person status in society's social ladder is determined by their wealth. In other woods, wealth determines the social class of a person. There are three social classes: the upper middles and lower class. The upper class consists of these whose income exceeds the average person's income. It consists of those whose social and political importance can g
The lower class is referred to as the poverty-stricken class. Thus, taxation differences illustrated above show a reason for which the wealth-gap continues to widen. Consequently the growth of the economy is causing an uneven distribution of wealth in American society, allowing the wealth gap to be magnified. Anything and everything that is given away by a business is tax free, much like charity donations. The employ the middle and lower class to manage them. There is an obvious wealth-gap due to the taxation differences, the investment differences in stocks and bonds, and result of manufacturing companies cutting back on expenses and spending. Not letting go of that portion would make their total earnings much higher. Their income is not great to begin with, and it shrinks considerably after taxes. They make enough for all their needs such as rent, food, clothing,bills, and extras such as forms of transpiration and communication. Companies and corporations find a way to let go of a portion of their earnings so that they don't have to pay the taxes on them. You could say that the workers pay the taxes that the companies avoid. They may improve their economic situation slightly, but at the rate that the economy is going, they will not prosper as much as those who are already in the lead. The middle class are those whose income is substantially lower than that of the upper class. This leaving the rich wealthier and the poor more poverty-stricken.
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