PHIL 1102 Lecture Notes - Lecture 29: Pie Chart, Warren Buffett, Marginal Utility
10 May 2017
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Distributive justice: inequality of distribution: our country has slowly been moving toward a very unbalanced distribution of wealth. In addition to this, it has also become more and more difficult for citizens of the u. s. to move upward, out of a lower class and into a higher one. The textbook cites a prominent banking president as claiming that, you can"t take solace anymore in the american dream of working hard and migrating up through society. (93) consider just a few of the statistics given there: The top 1% of u. s. households owns more than the bottom 90% of u. s. households combined. The top 1% of u. s. citizens own about 40% of the nation"s worth. Meanwhile, the lowest 60% of u. s. citizens owns only 5% of its worth. The average ceo of a major corporation makes about million each year which is about 160 times what the average worker in the u. s. makes each year (only about thousand).
