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Welth and Power in the Us

In: Business and Management

Submitted By edwinsmith13
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Pages 4
Wealth and Power in the US
EDWIN SMITH
Pol 443
January 6, 2015
KYLE HAGENBURGER

Wealth and Power in the US

Wealth and Power in the US
To whom it may concern:
This letter is to inform the public of how health care relates to the distribution and concentration of wealth in the U.S. and support the need to redistribute wealth in America. Wealth refers to the value of everything that a individual and family owns minus all its debts. Most of economists define wealth as marketable assets such as stocks bonds and real estate. In marketable securities, consumer durables like cars are not included because they are not readily converted into cash (Domhoff 2011).
Power refers to the ability of controlling the behaviors of others, even against their will. Groups and individuals who have power are able to use it to increase their own interest. It is not necessary that individuals take these benefits at the cost of society. In the Unites States, social class is an arguable issue because there is a disagreement on its models and its existence in the country. Three class model that includes the rich, the middle class and the poor as believed by Americans. Among all the major economies, distribution of income in the United States is most unequal (Domhoff 2010)).
The poverty level in the U.S. was $16,036 in 1997 for a family size of four. As with earnings difference, the poverty pace vary significantly between cultural groups. Difference in poverty and earnings has a chief contact on health. African Americans and Hispanics are probable not to have health coverage as individuals that are white will. One effect of this difference in health care is that African Americans have a shorter life expectancy than whites. And in this day in age this issue should not be an issue.
According to the United States Census Bureau, there is difference in the money income of...

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