Economic Equality Between The Social Classes Of The Great...

There should be greater economic equality between the social classes of the great United States of America. While there is no agreement of a full blown communist or socialist revolution, a la Karl Marx, there is agreement that there should be slight changes towards this idea of equality. According to the Internet Encyclopedia of Philosophy, a social contract (theory) â€Å"is the view that persons moral and/or political obligations are dependent upon a contract or agreement among them to form the society in which they live† (Friend). The current American contract is debatable, and the exact definition depends on each person individually. Similar to Hobbes and Rousseau alike, Daniel Mallock on American Thinker believes that the social contract†¦show more content†¦Economic inequality is a multifaceted, idea that breaks down into unequal distributions of income, pay, and wealth. Of course, each individual definition is the inequality of distribution of each concept, re spectively (How is Economic Inequality Defined?). Income is the money received from nearly everything a person is a part of: investments, bonds, stocks, property, wages, salary, pension, rent, payment, etc. (How is Economic Inequality Defined?). By definition, those with less of these investments and earnings are at a disadvantage than those with more. Normal class citizens do not own thousands and thousands of stocks, large houses and yachts, nor do they receive these large wages similar to the wealthy. Nonetheless, while this seems like a tiresome argument, the cries are valid. The Scientific American states that, â€Å"The top 20% of US households own more than 84% of the wealth, and the bottom 40% combine for a paltry 0.3%. The Walton family, for example, has more wealth than 42% of American families combined† (Fitz). This notion relates to not only a small fraction of economic inequality, but to a major gap between those that supposedly have it better. Pay refers to the payment from employment only (How is Economic Inequality Defined?). This area is seemingly easier to work with the idea of equality, for a job/career usually relies on skills alone. Usually is a key word only due to the fact that networking and knowing the right people canShow MoreRelatedEssay about The Revolutionary War1417 Words   |  6 PagesThe Revolutionary War The Revolutionary War started on April 19, 1775 at Lexington and Concord. America was very much unprepared with no central government or army. The congress stepped up as the government and began to organize an army. The Revolutionary War did not end until September 3, 1783 with the signing of the final peace treaty between America and Great Britain. The victory in the Revolution War led to the birth of a new independent nation. 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