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Distributive Inequality in the U.S.
Solutions to distributive inequality in the US
Presented by:
Xiao Guan,
Mary Stull,
Joshua Robinson & Kaiqiang Deng
* “30 people = 157,000,000 people”
* Half of America owns a smaller percentage of national
wealth than almost all other countries and continents:
* Economic mobility is lower in the U.S. than in most
developed countries, even lower than in many undeveloped countries.
* The U.S. median of $44,911 is only 15% of
the $301,140 mean
* What does extreme inequality mean?
(Rollins College April 28th 2014,)
What needs to be done to address distributive inequality in general in the U.S.?
1. Tax Loopholes for hiding tax
2. Progressive Tax System
1. Raising the minimum wage would
provide a boost to the economy
2. Less Tax Dollars May Be Needed
on Government Programs
Conclusion
Wealth inequality can be addressed at every level of society, federal, state and local.
Local & Community
Local & Community
Greater Inequality =
I. Physiological Effects & Health
II. Weaken Social Cohesion
III. Lack of Civic Participation
Increase Participation 2 ways:
I. Public Banking & Credit Unions
II. Creating WSDEs
Populist Party
Civil Rights Movement
Occupy Wall Street
BRAINSTORM
Concepts
&
Facts
Improving
Taxation
Sysmte
ELEMENTS
Re-Align Tax Structure
Simple Wealth Tax vs. current mishmash of:
Dividend Taxes
Estate Taxes
Property Taxes
Investment Taxes
The Foster Care System
New FCAT
Sections
Local
&
Community
State Level Changes
New FCAT Sections
Overhaul of the Foster Care System
1. The Florida Comprehensive Assessment Test
2. If we wish for our economy to improve, but fail to arm our citizens with the tools necessary, we are asking a mighty army to fight a war on empty bellies and bare feet
3. Younger students should have a basic understanding of the key players in the financial sector
4. Older students should have deeper understandings of supply and demand
1. many foster care systems use group homes for well-behaved children, while poorly behaved siblings get "special attention" by being assigned actual families.
2. Those unfortunate minors who are well behaved enough to spend the remainder of their minority in group homes
3. Most former foster children never escape poverty – no one ever taught them how.
Any Question?