The path to equal distribution of wealth in society

The Rich Get Richer In his inaugural speech, President Obama said, "The nation cannot prosper long when it favors only the prosperous. It's really about those who have versus those who don't. And they could be black, they could be white, they could be Hispanic

The path to equal distribution of wealth in society

List of countries by distribution of wealth and List of countries by income equality Share of wealth globally by year, as seen by Oxfam [5]based on the net worth [6] The gap between the rich and poor can be illustrated by the fact that the three wealthiest individuals in the world have assets that exceed those of the poorest 10 percent of the world's population.

The Two Methods for Distribution of Wealth in a Socialist Society

Wealth distribution pyramid[ edit ] Personal wealth varies across adults for many reasons. Some individuals with little wealth may be at early stages in their careers, with little chance or motivation to accumulate assets.

Others may have suffered business setbacks or personal misfortunes, or live in parts of the world where opportunities for wealth creation are severely limited. At the other end of the spectrum, there are individuals who have acquired a large wealth through different ways.

In Western countriesthe most typical way of becoming wealthy is entrepreneurship estimated three quarters of new millionaires. Other typical way covering most of the remaining quarter is pursuing a career with the end goal of becoming a C-level executivea leading professional in a specific field such as a doctor, lawyer, engineer or a top corporate sales person.

The wealth pyramid below was prepared by Credit Suisse in Personal assets were calculated in net worthmeaning wealth would be negated by having any mortgages.

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It has a large base of low wealth holders, alongside upper tiers occupied by progressively fewer people. In Credit-suisse estimate that 3. A further one billion adult population fall within the 10, —USD range. While the average wealth holding is modest in the base and middle segments of the pyramid, their total wealth amounts to USD 40 trillion, underlining the potential for novel consumer products and innovative financial services targeted at this often neglected segment.

Pyramid of global wealth distribution in [8] Wealth distribution in [ edit ] According to the OECD in the top 0. The large gaps of the report get by the Gini index to 0.Aghion (et al.

Sep 01,  · I had a huge argument with my economics teacher in the middle of class on how i believe socialism involves the equal distribution of wealth/poverty (however you want to look at it) because the industry is nationalized and owned by the government, therefore resulting in equal income for all citizens? Am I wrong? Im pretty sure I'm not Status: Resolved. Aug 02,  · In terms of wealth, that means that people know everything about the wealth distribution and are willing to enter that society anywhere along the . is the conflict between entire classes over the distribution of a society's wealth and power -in "ancient" societies, masters dominated slaves - in agrarian societies, nobles dominated serfs.

). They argue that if one intends to examine how a distribution affects growth, the wealth distribution should be used. More justification is given in Rodríguez (et al.

). First, they note that wealth is the most unevenly distributed variable from the distributions of wealth, income and earnings in the United States.

Aug 03,  · The redistribution of wealth is the essence of socialism While communism purports to equalize the amount of wealth every person can enjoy by having the state manage all the means of production of wealth (which has failed miserably in every instance), socialism has the aim of redistributing wealth through progressive taxation and the.

rows · The distribution of wealth is a comparison of the wealth of various members or groups in a shows one aspect of economic heterogeneity.. The distribution of wealth differs from the income distribution in that it looks at the economic distribution of ownership of the assets in a society, rather than the current income of members of that society..

According to the International. Aug 08,  · Society is poorer as inequality becomes greater." AWilkinson and Pickett make this clear with dozens of graphs, which rate the nations based on the problems that come with inequality.

Another standard of equality is equality of opportunity, "the idea that everyone has an equal chance to achieve wealth, social prestige, and power because the rules of the game, so to speak, are the same for everyone".

This concept can be applied to society by saying that no one has a head start. Sep 02,  · Wealth cannot be equally distributed to people. Equal distribution possible only in certain areas of economics, ie through public distribution system, Free education to all students up to plus two, Free medical facilities for the poor, Cheap and efficient public transport system etc.

The path to equal distribution of wealth in society

Money is not available for the government,as liquid cash, for free distribution, instead, the govt. can Status: Resolved.

A very brief overview on distributing wealth fairly |