Redistributing Wealth in America

Paper Summary:

This paper is an argument in favor of the rich in America, compensating the poor for their lack of wealth. The paper suggests that the disparity in wealth between the wealthy and the working poor is deplorable and that the government of America should be employed as a tool by which the redistribution of wealth in America can take place.

From the Paper:

"Public Policy: Redistributing Wealth in America The disparities between the rich and the poor in the United States are significant. Considering only income, the gap between the richest percentage of the population and the poorest appears so great as to be all but insurmountable. However, when we consider not income, but wealth, the situation manifests as even more dire. In the United States, a 1997 study demonstrated that the top 1% of the population controls approximately 40.1% of the nation's private wealth (Miller 47). The reasons why this occurs over time can be myriad, but can generally be boiled down to the economic concept of capital gains. Wealth doesn't grow because individuals work harder than others. Rather, it has grown at the significant pace that it has because interest accrues on capital possessions simply by having the wealth invested somewhere (Miller 47). "

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