30 Aug 2022

130

Money and Crime: What You Need to Know

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Academic level: College

Paper type: Essay (Any Type)

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Pages: 1

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According to Is it a Crime to Make a lot of Money? article, ninety-nine percenters would make it a crime to be rich given an opportunity. This is because, even though all people are equal according to the constitution, they do not have the same opportunity to succeed. The inequality gap increases as the poor get poorer and the rich get richer. Even though the constitution provides equal opportunities to everyone, the ninety-nine percenters face challenges to success. Skills is a crucial aspect of success considering the fact that it affects wages. Most rich people have more advanced skills since they have access to quality education and this places them in a better position to succeed thus widening the wealth inequality gap.

People with the same level of education tend to live in the same states in the United States. There are schools in both rich and poor states which are funded by the government. However, the quality of education differs in these states due to the fact that the funding is depended on whether the school in a poor state or rich state. Moreover, some schools in the poor states do not have enough teachers. This contributes to poor quality education in poor states. A study by Hernandez (2011) shows that the environment in which a child grows in determines the child’s success. This implies that children from a poor background do have the same opportunity to succeed as children from a rich background.

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While the ninety-nine percent of Americans struggle to succeed, the one percent have it all. They have well-equipped health facilities, employment opportunities, quality education, and good salaries ( Saez & Zucman, 2016). This brings about the wealth inequality gap. It is not good for some people to be richer than others. Making it a crime to be rich would ensure equal distribution of resources by the government thus narrowing the wealth inequality gap.

References

Hernandez, D. J. (2011). Double Jeopardy: How Third-Grade Reading Skills and Poverty Influence High School Graduation.  Annie E. Casey Foundation

Saez, E., & Zucman, G. (2016). Wealth inequality in the United States since 1913: Evidence from capitalized income tax data.  The Quarterly Journal of Economics 131 (2), 519-578. 

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StudyBounty. (2023, September 16). Money and Crime: What You Need to Know.
https://studybounty.com/money-and-crime-what-you-need-to-know-essay

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