StudentShare solutions
Triangle menu
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Summarize& Response - Essay Example

Nobody downloaded yet
In that case, brings out clearly how racial differences can be associated with the wealth gap and income inequalities that exist among different people.
Generally, the most important point that the author is trying to put across is the issue of financial differences and income inequalities among people. It tries to figure out why there is a wide gap between the wealthy and the poor and why there is a wide gap of income inequality too. Therefore, the text explains that wealth gap among different families could be tied to unmerited sources which include family inheritance and other discrimination that mainly lead to racial wealth gaps (Shapiro 42). This means that when one is raised in a rich family and inherits the family’s wealth, there are no chances of wealth redistribution. Thus, the wealth will continue living luxurious lives and enjoying their wealth while those who are poor will continue with their financial state. This makes it difficult to narrow the gap between the two types of households; poor and wealthy.
Trying to establish the real cause of wealth gap and income inequality gap between the white people and black people, the author finds out that the situation all because one’s amount of wealth is determine by the level of income. According to Shapiro (49), this is because when someone earns more income, that person is then in a better position to make investments and savings. Over time, such a person would have accumulated wealth inform of investments. On the contrary, the low income earners earn less amount of income which may not be enough for them to make any savings or investments. It then turns out that the average income of a white person is higher than that of a black person. This is the reason why a typical white family has wealth of about $73, 450 more than that owned by a black family. In regards to this then, the racial wealth gap would be based on people’s level of income.
Considering the effect ...Show more
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Summarize& Response Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved from https://studentshare.net/sociology/695603-summarize-response
(Summarize& Response Essay Example | Topics and Well Written Essays - 500 Words)
https://studentshare.net/sociology/695603-summarize-response.
“Summarize& Response Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.net/sociology/695603-summarize-response.
  • Cited: 0 times

Summary

It appears that its timing is around the early years of the 21st century. The author of this reading was definitely trying to address fellow Americans and bring out the issues concerning…
Summarize& Response
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Summarize& Response"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Summarize
It was no longer enough, Professor Jerry Zaltman believed; such methods were “speaking the wrong language.” (Zaltman) Hidden
2 pages (500 words) Essay
Summarize and Response: Lifebost Ethics
ublished in 1974 also focuses on this aspect, taking a stance that providing for the poor countries will eventually ‘drain’ and ‘drown’ the providers or rich countries. Hardin discusses this perspective of his by using a metaphor of lifeboat for rich nations. That is,
5 pages (1250 words) Essay
Summarize
This failure of government-sponsored educational growth is once more owing to our motto: “people respond to incentives.” Inspite of the impressive expansion of schooling
10 pages (2500 words) Essay
Summarize idea on the article paragraph reaction, response, question
edical field to help ease some medical conditions, such as treating ADHD and other neurological conditions, as it is scientifically proven to improve the brain’s oxygen supply that stimulates nerve growth. However, today, these drugs are not only used to treat people with
2 pages (500 words) Essay
Simulated Chinese restaurant summarize
Red Lantern is also well recognized for its dynamic and inviting ambiance to attract customers (Campbell & Campbell 2006). A simulation study carried out in the hotel had a lot to show. The main
8 pages (2000 words) Essay
Summarize and response (Corporate Economists Are Hot Again)
Large amounts of data and information need to be analyzed with the expertise of the economists. Ryan Reed, who is an economist, addresses the top management of Parker Hannifin Corp and tells them that the month of October is not a good
2 pages (500 words) Essay
Summarize& Response
The title, “Case Studies in Identity Construction”, brings out clearly the main agenda being discussed by the author, especially in showing the several
2 pages (500 words) Essay
Summarize& Response
Due to mistreatment from their masters, most of them quit in order to find better employers in other industries. These massive changes were a big blow to the white employers and they sought to find another work force. The main solution considered by most
2 pages (500 words) Essay
Summarize& Response
Those who migrate are bound to learn new languages and can have a different understanding of race. This form of learning does not mean that they do abandon their earlier ideas and are assimilated
2 pages (500 words) Essay
Summarize
However, the birth of operational risk management came in 1995, after the collapse of Barings Bank, resulting in a loss of £827m, and a loss of the
8 pages (2000 words) Essay
Comments (0)
Click to create a comment
Let us find you another Essay on topic Summarize& Response for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us