The Importance of Income and Wealth Inequality Research Paper Topics

The Importance of Income and Wealth Inequality Research Paper TopicsIncome and wealth inequality is becoming a greater concern for most Americans. However, many people struggle to understand exactly what these terms mean.The first step in making sense of financial picture is knowing the history. What are the differences between what has been and what is now? Who controls our wealth? Who benefits from the financial picture?The topic of income and wealth inequality research is becoming more important. Just as the topics of wealth management and education can affect individual performance, income and wealth inequality can affect an individual's ability to achieve success. In fact, this is one of the major concerns of those who focus on income and wealth inequality. The average person often does not understand the concept of income and wealth.To get an idea of how important income and wealth inequality research is, consider the situation with someone like Warren Buffet. Since he was only 27 years old, Buffet has become one of the wealthiest men in the world. Although he retired at 34, he still makes millions of dollars a year.It takes a long term perspective to understand the challenges that come along with income and wealth inequality. For example, for the past several decades, the U.S. has experienced unprecedented economic growth and prosperity. However, for a large number of people, the gains have gone to the wealthy while the rest of the country continues to struggle.Many people worry that some of the gains are going to the already wealthy. People in the working class will continue to be displaced by the wealth of the super-rich. However, if the United States government can encourage companies to create more jobs, then the wealth disparity will eventually be decreased.Unfortunately, the negative side of the wealth and income disparity is much worse. For example, the wealthier you are, the more influence you have over the government and the decisions that affec t your life. This means that the little guy may lose more control over his own life than he already does.For instance, income and wealth inequality research may have contributed to the political debates over eliminating the wealth and income tax. Currently, there is no current plan to eliminate these taxes. These taxes have raised taxes to the point where the average person has lost control over his or her life. However, if the government can encourage businesses to increase employment, then the positive side of the income and wealth imbalance will increase.