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Wealth Inequality reducing our Nations Growth

Christian Strong
2016 Sustainable
Reducing global wealth
inequality is the defining
Senior Development
challenge of our time, Seton Hill University Goal 10
~ U.S. President Barack Obama
(Atkinson, 29). Referring to the article Game Changers, 68% of Americans support raising taxes on
people earning more than $1 million, (Anderson, et al. 13).

When we turn on our televisions and see less privileged children
without shelter, food, or water we often notice the disparity problem, or
even when we see others living on glamorous conditions that we would
never imagine, chances probably stem from wealth inequality. The
problem with wealth inequality is the money is not being distributed
evenly across the nations based on classification. For it is noticeably
visible that there is too wide of a gap between the poor and the rich due
to the imbalance of distribution and lack of government.

The rich are rising tremendously, the poor RECOMMENDATIONS
are falling dramatically, and the middle-
1. Universal free public services
class is trying their best to remain stable.
(healthcare and education)
Due to job opportunities decreasing,
2. Increasing minimal wage rates
minimum wages reduced, high taxes, less
3. Increasing income tax for
applicable banking services, countries
wealthier class families
taking advantage of each other with corrupt
4. Decreasing income tax for poor
international trade, and big corporations
not paying their fair share in payments. All
5. Provide more job opportunities
of these factors emulate why wealth
inequality has such an effect on our
country and nations growth.

Statistics Examples and Quotes

1,000,000 of the worlds people live in extreme poverty. Half of the people in the According to an analytical study taken in the urban city of Accra,
world are living on less than $2.50 a day. 80% of the worlds people live on less Ghana:
than $10 a day. And the vast majority of people in the world, 80%, live in 77.4% of households were classified as poor, with 16.6% as medium and
countries where the income gaps are widening, (Hasty, 39). only 6.0% as high wealth, (Boadi & Kuitunen, 196).
The 3 wealthiest individuals in the world cumulate for the poorest 10% of the Only 25.6% of the poor have had secondary or higher education compared
world population: with 62.3% of medium wealth and 84.5% of high wealth
Bill Gates - founder of Microsoft with a net worth of $85.9 billion, respondents, (Boadi & Kuitunen, 196).
Amancia Ortega founder of Inditex fashion group including global brand
Zara with a net worth of $75.8 billion, Even high-income celebrities are creating a buzz:
Warren Buffett - CEO, entrepreneur and investor with a net worth of $68.2 Sports and media celebrities, income growth has come from a perfecting of
billion. the labor market; for a different group, top corporate executives, it has come
The fastest-growing categories of work are retail, restaurant (including fast from breaking down (or even an overthrowing) of the market, (Crook, 37).
food), hospital (especially orderlies and staff), hotel, childcare and As technology puts stars in front of bigger audiences, their incomes
eldercare, (Reich, 14). multiply, (Crook, 37).

What are you doing

today towards transforming
our world in a positive
light that reflects
and success?

Antunes, Anderson. "The 30 Most Generous Celebrities." Forbes. Forbes
Magazine, 11 Jan. 2012. Web. 14 Nov. 2016.
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CONCLUSIONS Boadi, Kwasi Owusu, and Markku Kuitunen. "Environment, Wealth, Inequality
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International Journal Of Environmental Health Research 15.3 (2005):
193-206. Academic Search Elite. Web. 31 Oct. 2016.
Without a clear policy in tact that focuses on secure wealth
Crook, Clive. "The Height Of Inequality." Atlantic 298.2 (2006): 36-37. Academic
distribution as well as a general plan to eliminate the drop off Search Elite. Web. 9 Nov. 2016.
between the high-income low poverty countries and low-income Hinson-Hasty, Elizabeth. "The Problem Of Wealth[This Artic]." Cross Currents
high poverty countries no change will be seen. 64.1 (2014): 39-58. Academic Search Elite. Web. 31 Oct. 2016.
REICH, ROBERT B. "10 Practical Steps To Revers GROWING INEQUALITY."
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