Tag Archives : distribution of wealth

CREATIVE TIME: Arushi Saxena

US epitomizes a “champagne glass” distribution of wealth in which the wealthiest 1% control almost 45% of the nation’s wealth. The concept of exploitation is evident in this pattern in that wealth is produced at the expense of other socioeconomic levels. For example, by exploiting cheap labor, paying low wages, depending on political patronage, utilizing tax loopholes, and by lobbying for unjustifiable deregulation the wealthy continue their trajectory of wealth accumulation.

Continue to read…