1000-Word Letter Assignment
Dear Joseph,
The distribution of wealth amongst the members of public should occur in an equitable manner so as to bring out balance in regional balance. The even distribution of wealth in all the States is significant as it ensures that all the citizens receive equal development thus improving the living standards of the people. The invention and innovation by the majority of people can again lead to improved incomes therefore influencing the economic prosperity of a Nation in a positive manner. To measure the amount of wealth possessed by different individuals, the net possessions of the people or the number of households owned by the person is determined thus measuring how rich or poor is the person depending on the material possessions. The wealth of different people within a country can change depending on the changes occurring in the levels of income of the person which varies with time. (Domhoff, 2005) Comment by josephconlin: Do not indent in this letter format as explained and on the class website. Comment by josephconlin: ...balance in regional balance... Unclear statement. Rewrite. Comment by josephconlin: You are defining, adn the being of the sentence does not help the reader. The secon dhalf of the sentence is what you need to focus on . Comment by josephconlin: Passive voice. The sentence does not make sense as written.
The distribution of wealth within a country is influenced by the following factor; government policy, economic markets, the level of education of the people, growth of technology, gender income gap, personal factors and abilities, underlying factors such as aging population, regional divisions, labor’s falling share.
An administration's financial arrangement is the control of the supply of cash. This guarantees value strength and makes certainty and general trust for a country's cash. The general objective of money related strategy is to encourage a country's financial development and security and lower the joblessness rate. Similarly, as with assess arrangement, this relies on the sort of government and the social gatherings that impact it. This is a kind of approach that individuals for the most part don't see firsthand; money related arrangements work in the background. (Krugman, 2014) Comment by josephconlin: Again the period follows the ntext citation. More mportantly i have no idea what you are rferring to in this paragraph. I do not recognize a single Krugman idea.
The offer of the nation's riches claimed by retirement-age natives has risen significantly since the 1980s. Today, around 66% of aggregate family unit riches in the US is held by individuals beyond 65 years old. Comment by josephconlin: Great idea, but who are you quoting. Secondly, what doe it have to do wth eqiale distribution of wealth.
The US populace all in all is maturing, and individuals normally collect riches throughout their lifetimes. As people born after WW2 resign and life expectancy keep on increasing, the elderly ought to be relied upon to hold an expanding offer of the country's riches. Comment by josephconlin: keeps Comment by josephconlin: I have no idea what you mean. You also are not connecting the idea to the distribution of wealth or your thesis. In fact you are not working to the concluding of your thesis.
Laborers in a modest bunch of urban communities have an unbalanced offer of pay in the US, however the typical cost for basic items has additionally developed excessively in metro regions. Pay disparity between areas doesn't generally suggest an unequal way of life.
The distribution of wealth in the country can again be brought by the government policies such as taxation policies and monetary policies which are applied in a different way to the people. It is the responsibility of the government to determine the amount of taxes to be imposed to the people to who is to be taxed a certain amount of money. Some people in a country are taxed more than the others therefore bringing about uneven distribution of wealth amongst the members of a given society. The tax policy by imposed to the people is affected by factors such as the type of government and the social groups thus increasing the wealth inequalities. (Domhoff, 2005) Comment by josephconlin: why are you using passive voice Who or what brigS Comment by josephconlin: passive voice
The monetary policy affecting the distribution of wealth in a country is made to control the supply of money hence ensuring that the prices of products are stable, and it is again significant in building the confidence and trust of the people for the country’s currency. The most important goal of the monetary policy is to control the economic issues of the country thus reducing the rates of unemployment within given areas hence ensuring that wealth evenly distributed to all the members of the public. This policy can therefore be influenced by the type of government in place and the different social groups of people within the country. (Krugman, 2014) Comment by josephconlin: passive voiceas Comment by josephconlin: passive voice
Economic markets play a role in bringing about evenly distribution of wealth and the people’s incomes in the country. This system is made by the government to control the exchange of goods and services in a certain area hence bringing equality to the people. The economic markets again help in regulating the manner in which the resources are allocated to the people so as to bring equality to the members of the public. (Domhoff, 2005) Comment by josephconlin: passive voice. The governmenet does notcreate the marketplace. It happens between merchats.
The inequitable distribution of wealth amongst the members of the public is bad to many of the Americans as it leads to an inequality stifles growth, increased crime rates, inequality decreases Health, increased political inequality and a decreased education. Due to the wealth inequality the country will grow in some parts thus some other parts will be underdeveloped hence increasing the poverty rates in the country. The inequality in the wealth distribution will again increase the dependency rates amongst the Americans as the many of the citizens are poor. The inequality in the wealth distribution brings disunity to the members of the public which subjects some of the people to criminal activities for them to acquire similar living standards to their neighbors. As a result, people’s items will be under threat as they might be stolen as others struggle to acquire improved living standards. (Domhoff, 2005) Comment by josephconlin: There is nothing about many Americqns being poor.T he authors talk about the lower 20%, which includes the poor. Comment by josephconlin: Where did you get thuis information. It sound presumptuous.
When the available resources are unevenly distributed to the people, crime rate increase thus theft of other people’s property is encouraged amongst the members of the public. As a result, the access to different services is made hard thus the poor’s rights are violated due to the increased crimes brought by the poor security offered to the middle-class citizens. This can again lead to increased death rates and hence higher costs are imposed to products therefore making it impossible for the poor to purchase. (Krugman, 2014) Comment by josephconlin: Passive voice.
The inequitable distribution of wealth can be fixed by the government if it develops mechanisms which are made to benefit the poor through encouraging them to save more. This mechanism saves the poor through savings thus discouraging the borrowing by the people experiencing inequality in wealth distribution. Again, the problems are solved by encouraging the middle-class individuals to make more investments in stocks without having to pay high amounts of fees. Comment by josephconlin: passive voice Comment by josephconlin: passive voice. Comment by josephconlin: How can the poor save more if they are earning barelyle n
Sincerely,
Sharon
Work Cited
Domhoff, William. “Wealth, Income, and Power” Who Rules America: Wealth, Income, and Power, Sept. 2005, www2.ucsc.edu/whorulesamerica/power/wealth.html.
Krugman, Paul. “Why Were in a New Gilded Age.” The New York Review of Books, 8 May 2014, www.nybooks.com/articles/2014/05/08/thomas-piketty-new-gilded-age/.