Economic inequality represents the disparity between rich and poor. Individuals gain socio-economic status based on their social class. Jacob and O'Brien (1998) concluded that the police killing is related to the economic disparity between white and black. As a result, cities with more African Americans tend to be targets of police violence due to poor urban conditions and economic inequality (Jacob and O'Brien 1998). The situation in these cities includes poor lifestyles, low incomes, low employment rates, unsanitary conditions, and dangerous habits related to crime.
In addition to the problem of economic inequality as a symptom, there are also problems raised as causes. But in most cases, but not all, economic inequality is not the main reason. There are usually some injustices that enable economic inequality to change to other forms of inequality, which is a problem we need to address. For example, treatment of the US police against the poor is worse than rich. But the solution is not to enrich people. This is to ensure that the police treat people more equitably. Otherwise they will continue abusing weak people otherwise.
Economic inequality is one of the most prominent problems in today's discussion. This is because economic inequality has increased in the past few decades. This led to a part to investigate the causes of inequality and groups of overlapping people seeking the government to act on inequality. Last week, several new data on household income of the people and economic inequality of the people and the state were provided. The state prospect gives us an important understanding of at least one policy that seems to be invalid due to inequality: a progressive income tax system. state
Since the 1970s, the economic inequality in the US has dramatically increased. In particular, rich people became richer. Most people writing this article said economic inequality was a bad thing and should be reduced. I am interested in this topic. Because I am one of the founder of Y Combinator, helping people launch startups. Almost definitely, if the startup succeeds, its founder will be wealthy. That means I helped to increase the economic inequality by helping the startup founders. If economic inequality should be severely diminished, I should not help the founder. No one should do it. But it is true that these new startups will bring more value to themselves than they do to society as a whole.