Essay about Increasing Inequality On Income Distribution

753 Words Aug 9th, 2016 4 Pages
Zaka Siddiqi
SOC 110
Mr. Tejeda
Increasing inequality in income distribution in this country has broader policy implications, and there is also the growing problem of perverse incentives that result from executives receiving grossly disproportionate compensation based on decisions they themselves take.
History. Many of the poorest nations in the world were former colonies, slave-exporting areas and territories from which resources had been systematically extracted for the benefit of colonizing countries. Although there are notable exceptions (Australia, Canada and the U.S. being perhaps the most prominent), for most of these former colonies, colonialism and its legacies have helped create the conditions that prevent many people from accessing land, capital, education and other resources that allow people to support themselves adequately. In these nations, poverty is one legacy of a troubled history involving conquest.
War & political instability. Both of these factors have often been tied to histories of colonialism, but whatever the causes of war and political upheaval, it is clear that safety, stability and security are essential for subsistence and, beyond that, economic prosperity and growth. Without these basics, natural resources cannot be harnessed individually or collectively, and no amount of education, talent or technological know-how will allow people to work and reap the benefits of the fruits of their labor. Likewise, laws are needed to protect rights, property…

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