Economic inequality Distribution of Wealth 

Economic inequality Distribution of Wealth

Order ID	53003233773
Type	Essay
Writer Level	Masters
Style	APA
Sources/References	4
Perfect Number of Pages to Order	5-10 Pages

Description/Paper Instructions

Economic inequality Distribution of Wealth

Economic inequality refers to the unequal distribution of wealth and income among individuals and groups within a society. It is a complex issue that has been a topic of discussion for decades, and has become increasingly relevant in recent years as the gap between the rich and the poor has widened in many parts of the world.

The causes of economic inequality are complex and multifaceted. Some of the main drivers of inequality include:

1. Globalization and technological change: The rise of globalization and the increase in technological innovation have led to a widening gap between the skilled and unskilled workers. Those with high-level skills and education are more likely to benefit from these changes, while those with low-level skills are often left behind.
2. Education and skills: Education and skills are a major determinant of income and wealth. Those with higher levels of education and skills are more likely to earn higher incomes and accumulate more wealth than those with lower levels of education and skills.
3. Taxation and public policy: Taxation and public policy can play a role in determining the level of economic inequality. Policies that favor the wealthy, such as tax cuts for the rich, can lead to higher levels of economic inequality, while policies that promote social welfare, such as progressive taxation and social spending, can help reduce economic inequality.
4. Discrimination: Discrimination based on race, gender, and other factors can lead to economic inequality. For example, women and people of color often earn less than white men, even when they have similar levels of education and experience.

The consequences of economic inequality can be significant and far-reaching. Some of the main consequences include:

1. Poor health outcomes: Economic inequality is linked to poor health outcomes, including higher rates of chronic diseases, shorter life expectancy, and higher rates of mental health problems.
2. Social unrest: Economic inequality can lead to social unrest, as those who feel left behind become increasingly dissatisfied with the status quo. This can lead to political instability and unrest, as well as social unrest and crime.
3. Decreased economic mobility: Economic inequality can lead to decreased economic mobility, as those at the bottom of the income ladder are less likely to be able to move up. This can perpetuate poverty and social inequality over generations.
4. Reduced economic growth: Economic inequality can reduce economic growth, as those with low levels of income and wealth have less money to spend and invest. This can lead to decreased demand for goods and services, which can in turn lead to decreased economic growth.

There are a number of strategies that can be used to address economic inequality. Some of the main strategies include:

1. Progressive taxation: Progressive taxation, which taxes the wealthy at a higher rate than the poor, can help reduce economic inequality by redistributing wealth and income.
2. Social welfare programs: Social welfare programs, such as healthcare, education, and social security, can help reduce economic inequality by providing support to those who are less well off.
3. Education and skills training: Education and skills training can help reduce economic inequality by providing individuals with the tools they need to earn higher incomes and accumulate more wealth.
4. Anti-discrimination policies: Anti-discrimination policies, such as affirmative action and equal pay laws, can help reduce economic inequality by ensuring that all individuals have an equal opportunity to succeed.
5. Labor market reforms: Labor market reforms, such as minimum wage laws and unionization, can help reduce economic inequality by ensuring that workers are paid a fair wage for their labor.

In conclusion, economic inequality is a complex issue that has far-reaching consequences for individuals and societies. While the causes of economic inequality are complex and multifaceted, there are a number of strategies that can be used to address this issue, including progressive taxation, social welfare programs, education and skills training, anti-discrimination policies, and labor market

Economic inequality Distribution of Wealth

RUBRIC QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points:  Student failed to submit the final paper. 20 points out of 50:  The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50:  The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately.  Elements of the required response may also be lacking. 40 points out of 50:  The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples.  The answer is complete. 50 points:  The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples.  No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points:  Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points:  Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points:  References to scholarly sources are occasionally given; many statements seem unsubstantiated.  Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points:  Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented.  APA 6th Edition is used with only a few minor errors.  There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points:  Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented.  APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points:  Student failed to submit the final paper. 5 points out of 20:  The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors  10 points out 20:  The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20:  The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points:  The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points:  Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements.  The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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