Social Research Report: Analysis of Inequality for All Documentary

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Added on  2022/08/28

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This report analyzes the documentary 'Inequality for All,' focusing on the economic disparities within the United States. It highlights Robert Reich's argument for government intervention to create a more equitable economy, addressing the widening gap between the rich and the poor and the lack of job opportunities for lower classes. The report examines the concept of equity through inequality, the hoarding of wealth by the wealthy, and the unequal distribution of taxation. It emphasizes the importance of the middle class in the U.S. economy and the impact of income inequality on consumption and economic stability. The report concludes that achieving true equity requires a fairer distribution of national income to ensure that the middle and lower classes can thrive, thereby contributing to overall economic well-being.
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Running head: SOCIAL RESEARCH
Social Research
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This is an interesting documentary that is mainly talking about a large amount of
inequality existing in unite Stets. Robert Reich is trying to focus on the fact that the Government
and Policymakers must develop many new and innovative strategies that will be helping in
making the economy an equal place for all. It is evident from his documentary that he is trying to
talk about the idea that the rich are becoming richer and the poor are becoming poorer. It is
because the job opportunities that are being created are not for all and they do not usually
circulate down to the people who belong to the lower classes. The most debatable question that is
used in the current scenario is that whether there is equity in inequality. However, it is often said
that equity through inequality is created when the policymakers and the Government. However,
they try to encourage people that are labor to be able to work hard and also to specialize
themselves. It is only during those times that the inequality in income so that they can, in turn,
uses it as a kind of incentive for making the labor much more specialized in nature and also for
the betterment of the overall gross output of the country. However, it can be said that there is no
equity in inequality because, by the economic terms, equity is the attempt of developing a kind of
fairness in terms of availability of opportunity and growth.
He is also speaking about money hoarding. In other words, the money that is hoarded by
the rich or the topmost section of the class forming about 1% is not invested for the greater
economic good. In other words, money is hardly used for the welfare interest of the people who
belong to the poorer sections of society. The title inequality for all is itself a very interesting and
intriguing title in nature as it is talking about the ongoing situation in the economy of the United
States.
There is inequality in everything. One of the good examples that have been cited is the
inequality in the distribution of income and wealth among the different sections or classes of
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3SOCIAL RESEARCH
people. This is because the rate of taxation is not uniformly distributed (The Weinstein Company
2015). For an instance, a school teacher who has a moderator limited income is entitled to pay a
tax of about 34% whereas the amount of tax that is being paid by someone earning more than 2
billion is only 15% when compared in terms of the salary. However, this is not right. This is
because the middle class is one of the most influential classes in framing the U.S economy and
Robert Reich has emphasized the importance of the middle class (Nakagawa 2018). It is evident
that as the rate of inequality is going up the taxation rates or the firmly distributed taxation rates
are going down.
He thinks that the distribution of wealth in the economy must be such that the middle-
class people can allocate their resources evenly over buying the products. However, if there is
such a vast income inequality in their income distribution, then the lower and the middle class
will be under pressure. Once this happens they will cut short their expenses (Nakagawa 2018).
Therefore it can be said that the level of inequality is nor fairly distributed among the population.
In other words, the poor or the middle-class people often suffer from the incidences of inequality
that is not only in terms of income but also in terms of growth and other opportunities as well.
Therefore it must be ensured that if equity is to be achieved then the level of inequality of
income must be maintained fairly. In other words, if equity is to be achieved through inequality
then about 60% of the population must be having about 60% of national income however if they
have only 20% of national income then it will no longer be considered as perfect equality of
income.
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4SOCIAL RESEARCH
References
Nakagawa, A., 2018. Breezejmu.Org. [online] breezejmu.org. Available at:
<https://www.breezejmu.org/culture/inequality-for-all-presents-capitalism-and-its-quirks/
article_572af130-ad33-11e8-97ec-e31c337e941c.html> [Accessed 23 March 2020].The
Weinstein Company, 2015. Youtube.Com. [video] Available at:
<https://www.youtube.com/watch?v=uZsGDIfeqUM&feature=youtu.be> [Accessed 23 March
2020].
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