Assignment 3
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1. The document discusses secular cycles and how they affect social and economic inequality over time through booms and busts in population, prices, and other factors. 2. It describes the Sugarscape computer model, which simulates economic exchange and found that inequality increases over time as the wealthy accumulate more goods and the poor accumulate less. 3. The model shows how inheritance and marriage practices can quickly stratify society and concentrate wealth among fewer, richer individuals according to the Matthew Principle of "the rich get richer and the poor get poorer."
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Running head WEALTH DISTRIBUTION IN THE US .docx
Running head: WEALTH DISTRIBUTION IN THE US 1
WEALTH DISTRIBUTION IN THE US 4
Wealth Distribution in the US
Name
Institution Affiliation
Student’s Name
Mailing Address
City, State, Postal Code
Phone: xxx 555 4321
Email: [email protected]
Website:
2018, February 21
Name of Addressee
Title
Name of Company
Mailing Address
City, State, Postal Code
Dear Joseph,
Wealth distribution has to be as equitable as possible to embrace regional balance in the country. Equal distribution of wealth starts with ensuring equal opportunities politically, socially and economically to all people in the society regardless of their socioeconomic status, gender, or disabilities among other discriminative factors. In this regard, the even distribution of wealth also ensures equal growth and development of a country because of the uniform improvement of the citizens’ living standards across the nation. Irrespective of all these advantages, there are still many gaps in the distribution of opportunities; hence, affluence in America and across the world at large according to "Capital in the 21st Century" and "Wealth, Income, and Power." Comment by 作者: Delete. The previous sentence is your thesis.
There are various ways of determining the wealth of people. Nonetheless, in the US, Domhoff (2005) argues that the main method focuses on the wages or salaries and the total possessions of the people. As such, the society identifies the wealthy citizens as those with high salaries and or wages and or with many valuable properties and the poor as those with low salaries and a few or less valuable possessions. In this respect, I argue that any factor that affects salaries and wages as well as personal properties of the people, in turn, affects the distribution of wealth of the citizens in the nation. Meanwhile, salaries and wages (incomes) are among the major factors that influence wealth distribution of people across the world. Comment by 作者: Do not use this format.
Put the in text citation after the sentence. Comment by 作者: There is no reason for giving a definition of income and wealth. Delete. Comment by 作者: No first person.
Peoples' income influences wealth distribution because it dictates the property's acquisition potential of individuals. Citizens with high incomes can purchase expensive things and as much as they want; hence, they are rich, as opposed to the low earning people. In most societies, the rich reside in high standard states and towns with slams and other low standard residences left for the poor (Domhoff, 2005). It is in this regard that the high standard residences are growing and developing with improved services and goods at the expense of the rest of the region. If we have to develop the other regions as well, we will have to better the incomes of their residents through better economic opportunities. Domhoff (20 ...
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Wealth distribution has to be as equitable as possible to embrace regional balance in the country. Equal distribution of wealth starts with ensuring equal opportunities politically, socially and economically to all people in the society regardless of their socioeconomic status, gender, or disabilities among other discriminative factors. In this regard, the even distribution of wealth also ensures equal growth and development of a country because of the uniform improvement of the citizens’ living standards across the nation. Irrespective of all these advantages, there are still many gaps in the distribution of opportunities; hence, affluence in America and across the world at large.
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Peoples' income influences wealth distribution because it dictates the property's acquisition potential of individuals. Citizens with high incomes can purchase expensive things and as much as they want; hence, they are rich, as opposed to the low earning people. In most societies, the rich reside in high standard states and towns with slams and other low standard residences left for the poor (Domhoff, 2005). It is in this regard that the high standard residences are growing and developing with improved services and goods at the expense of the rest of the region. If we have to develop the other regions as well, we will have to better the incomes of their residents through better economic opportunities. The wealth of people within a country can change depending on the changes occurring in the levels of their income regardless of where they are living (Domhoff, 2005).
Government policies also dictate wealth and its distribution. Good examples are the money-related policies. The US government, for example, controls the supply of cash to guarantee its currency value strength (Krugman, 2014). Effective policies encourage a country’s financial development and security and lower the joblessness not in some parts of the country but all of them. Furthermore, when a nation is able to keep the value of its currency high and strong, it presents an equal platform for all of its citizens—men and women, old and young and other groups— to earn well and raise their living standard so that they are all capable of accumulating wealth.
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Population growth
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Running head WEALTH DISTRIBUTION IN THE US .docx
Running head: WEALTH DISTRIBUTION IN THE US 1
WEALTH DISTRIBUTION IN THE US 4
Wealth Distribution in the US
Name
Institution Affiliation
Student’s Name
Mailing Address
City, State, Postal Code
Phone: xxx 555 4321
Email: [email protected]
Website:
2018, February 21
Name of Addressee
Title
Name of Company
Mailing Address
City, State, Postal Code
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Wealth distribution has to be as equitable as possible to embrace regional balance in the country. Equal distribution of wealth starts with ensuring equal opportunities politically, socially and economically to all people in the society regardless of their socioeconomic status, gender, or disabilities among other discriminative factors. In this regard, the even distribution of wealth also ensures equal growth and development of a country because of the uniform improvement of the citizens’ living standards across the nation. Irrespective of all these advantages, there are still many gaps in the distribution of opportunities; hence, affluence in America and across the world at large according to "Capital in the 21st Century" and "Wealth, Income, and Power." Comment by 作者: Delete. The previous sentence is your thesis.
There are various ways of determining the wealth of people. Nonetheless, in the US, Domhoff (2005) argues that the main method focuses on the wages or salaries and the total possessions of the people. As such, the society identifies the wealthy citizens as those with high salaries and or wages and or with many valuable properties and the poor as those with low salaries and a few or less valuable possessions. In this respect, I argue that any factor that affects salaries and wages as well as personal properties of the people, in turn, affects the distribution of wealth of the citizens in the nation. Meanwhile, salaries and wages (incomes) are among the major factors that influence wealth distribution of people across the world. Comment by 作者: Do not use this format.
Put the in text citation after the sentence. Comment by 作者: There is no reason for giving a definition of income and wealth. Delete. Comment by 作者: No first person.
Peoples' income influences wealth distribution because it dictates the property's acquisition potential of individuals. Citizens with high incomes can purchase expensive things and as much as they want; hence, they are rich, as opposed to the low earning people. In most societies, the rich reside in high standard states and towns with slams and other low standard residences left for the poor (Domhoff, 2005). It is in this regard that the high standard residences are growing and developing with improved services and goods at the expense of the rest of the region. If we have to develop the other regions as well, we will have to better the incomes of their residents through better economic opportunities. Domhoff (20 ...
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Wealth distribution has to be as equitable as possible to embrace .docx
Wealth distribution has to be as equitable as possible to embrace regional balance in the country. Equal distribution of wealth starts with ensuring equal opportunities politically, socially and economically to all people in the society regardless of their socioeconomic status, gender, or disabilities among other discriminative factors. In this regard, the even distribution of wealth also ensures equal growth and development of a country because of the uniform improvement of the citizens’ living standards across the nation. Irrespective of all these advantages, there are still many gaps in the distribution of opportunities; hence, affluence in America and across the world at large.
There are various ways of determining the wealth of people. Nonetheless, in the US, the main method focuses on the wages or salaries and the total possessions of the people (Domhoff, 2005). In this respect, many factors affect salaries and wages, as well as personal properties of the people, which in turn, affect the distribution of wealth of the citizens in the nation. Meanwhile, salaries and wages (incomes) are among the major factors that influence wealth distribution of people across the world.
Peoples' income influences wealth distribution because it dictates the property's acquisition potential of individuals. Citizens with high incomes can purchase expensive things and as much as they want; hence, they are rich, as opposed to the low earning people. In most societies, the rich reside in high standard states and towns with slams and other low standard residences left for the poor (Domhoff, 2005). It is in this regard that the high standard residences are growing and developing with improved services and goods at the expense of the rest of the region. If we have to develop the other regions as well, we will have to better the incomes of their residents through better economic opportunities. The wealth of people within a country can change depending on the changes occurring in the levels of their income regardless of where they are living (Domhoff, 2005).
Government policies also dictate wealth and its distribution. Good examples are the money-related policies. The US government, for example, controls the supply of cash to guarantee its currency value strength (Krugman, 2014). Effective policies encourage a country’s financial development and security and lower the joblessness not in some parts of the country but all of them. Furthermore, when a nation is able to keep the value of its currency high and strong, it presents an equal platform for all of its citizens—men and women, old and young and other groups— to earn well and raise their living standard so that they are all capable of accumulating wealth.
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Assignment 3
- 1. The Matthew Principle Why the Rich Get Richer and the Poor Get Poorer Sarah Meek History 4 Dr. Arguello