Wealth inequality and wealth distribution

1. Wealth Inequality
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Created By: Felisha Coutu

2. Overview
• Define Wealth Inequality
• Video
• Income Inequality vs. Wealth Inequality
• World’s Future Wealth Distribution
• Solutions

3. Define Wealth Inequality
• Wealth inequality can be described as the unequal distribution of
assets within a population.
• In the United States, wealth inequality runs even more
pronounced than income inequality
- http://inequality.org/wealth-inequality/

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5. Inequality
Income vs. Wealth
• The widening gap between
annual incomes
• How much money you make in
one given year
• The global social issue of
wealth being distributed
unequally

6. Why Must we Focus on Wealth
Inequality First?

7. Why Must we Focus on Wealth
Inequality First?
Although two people may have the same income they can have different net worth.
For example person A has an income of $25,000 per year but has no assets and 0
net worth
Person B also makes an income of $25,000 per year but has a net worth of 1 million
dollars because of inheriting assets
Person B is much more financially secure even though he has the same income as
person A
This is a simple example of why we must seek to distribute wealth more evenly.

8. World’s Future Wealth Distribution
• China is projected to produce 27% of the world wealth
• China will claim a high position in the world wealth, yet America will lose
world wealth
• African Territories are predicted remain small on the international financial
stage
• Eastern European territories are also predicted to have decreasing proportions
of world wealth

9. Countries Wealth Distribution
• U.S – 75.4% of the wealth owned by 10% of the citizens
• Denmark – 72.2 of the wealth owned by 10% of the citizens
• Switzerland – 71.5% of the wealth owned by 10% of the citizens
• Sweden – 71.1% of the wealth owned by 10% of the citizens
• Israel – 68.9% of the wealth owned by 10% of the citizens
• Norway – 65.9% of the wealth owned by 10% of the citizens

10. Problems of Inequality & Power
FIG 10.1 in the text books illustrates
the wealth per adult by country
This inequality of power and wealth
is causing an increase of poverty
problems

11. Reasons for Wealth Inequality – Theories
• Structural – Functionalist Perspective – Inequalities in the economy serve a
functional purpose by providing a labor force to do undesirable work
• Feminist Theorists – have drawn that economic inequalities is gendered and has
impaired access to resources for women and children

12. Solutions – How to Solve Wealth
Inequality
Universal Health Care – Providing health care to all countries instead of hoping
individuals will save money to purchase health care will boost wealth equality
Inheritance Tax – Encouraging people to spend their money back into the
economy instead of holding it for next generations

13. Resources
Global finance magazine - income inequality and wealth distribution by
country. (2016, March 11). Retrieved April 2, 2016, from
https://www.gfmag.com/global-data/economic-data/wealth-distribution-
income-inequality
TheRulesOrg (2013, April 3). Global wealth inequality - what you never knew
you never knew Retrieved from
https://www.youtube.com/watch?v=uWSxzjyMNpU
Wealth, income, and power. (2016). Retrieved April 2, 2016, from
http://www2.ucsc.edu/whorulesamerica/power/wealth.html
Wealth inequality. (2014, December ). Retrieved April 2, 2016, from
http://inequality.org/wealth-inequality/
Zuesse, E. (2013, December 8). United States is now the most unequal of all
advanced economies. Huffington Post. Retrieved from
http://www.huffingtonpost.com/eric-zuesse/us-is-now-the-most-
unequa_b_4408647.html