The Wealth Disparity Through The United States Essay

This paper provides insight, reasoning on the wealth disparity in the United States. After all, the social movements that have advocated over the years for equality. The wealth gap remains the same. It continues to be intertwined with politics and racism. Corporation increases the wealth disparity with their political agenda in mind. In the article, Race, Homeownership, and wealth by Shapiro Thomas defines wealth and income. Wealth defined as the total value of a family’s financial resources minus all debts† (Shapiro, 2014); Income â€Å"represent the following resources earned in a particular time† (Shapiro, 2014). The two definitions have two very different meanings, but there often misused. Wealth is vague and can refer to many aspects of a person and families total value white income is only a particular value. Shapiro argues how â€Å"Income and wealth are often confused both in the public mind and in the social science literature† (Shapiro, 2014) We alth and income carry an important purpose because it represents how society views a person who has wealth. An individual who obtains a significant amount of money it is believed because they earned a substantial amount of income. The reality is people who have wealth inherited because of their family. The majority of the one percenters are born into their wealth instead of working for it. The confusion of wealth and income creates a system that does not question individuals on the top of the social pyramid. The societyShow MoreRelatedThe Election Of Obama Into The Highest Political Office1728 Words   |  7 PagesObama into the highest political office may have created a great euphoria that the United States had moved past the racism that weighed heavily on the country’s history. 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