class inequalities
- Created by: a.holden
- Created on: 03-01-18 20:17
View mindmap
- social class inequalities.
- trends in income distribution
- the effects if taxes
- income distibution
- takes more in taxes from the rich than the poor- gives more to the poor in taxes.
- poorest fifth paid more (37.4%) of their income compared to the richest fifth (35.1%)
- takes more in taxes from the rich than the poor- gives more to the poor in taxes.
- income distibution
- the effects if taxes
- debates about income inequality
- functionalist and new right: unequal rewards are beneficial for society. encouragement.
- marxist and weberian: senior managers and company directors ofen in a position to determine their own salaries.
- ordinary workers have to bargain for their rewards.
- inequalities in wealth.
- property wealth (house and land) 81% of total net worth.
- physical wealth- valuable assets.
- financial wealth- form of money
- private pension wealth- cash value of what an individual has accumulated in their pension fund.
- problems of measuring wealth.
- defining what should be counted as wealth is not straightforward
- obtaining data about wealth is not easy.
- calculating the value of assets is difficult.
- distinguishing wealth from income can be difficult
- much of wealth in the form of shares is now owned by institutions.
- trends in income distribution
Comments
No comments have yet been made