Wealth and Power In The U.S.

Running head: WEALTH AND POWER IN THE U.S. 1

WEALTH AND POWER IN THE U.S. 3

Wealth and Power in the US

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Wealth and Power in the USTo 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.

According to the United States Census Bureau, there is difference in the money income of household on the basis of race and Hispanic group. There is difference in the income of households on the basis of race and Hispanic group. Americans feel uneasy while talking about the concepts like power elite and upper class. Americans differ on the basis of social and income levels among which some has more influence over others (Domhoff 2011). At the same time, there can be no fixed power group where power is lodged among people according to constitution. It is the reason that most power analysts said that elected officials organized labor and consumers have enough power to show that in the Unites States economy there is more pluralistic distribution of power in comparison of one with rich people and corporations at the top.Class theories best explain the distributions and concentrations of power wealth class and influence in the United States. The United States wealth is concentrated in some hands. In the year 2007 top 1% of upper class households owned 34.6% of total privately held wealth, the next 19% including professional, managerial and middle class business had 50.5 wealth and bottom 80% only 15% of wealth.Similarly, in the United States distribution of income can also be easily present with the help of class theories. It is important to understand the difference of distribution and concentration of power, wealth, class and influence in the United States. Understanding these difference participants who make different policies can put their effort to reduce such difference. The policy discussion organizations are the center of policy planning network including corporate executives experts wealthy individuals and government officials. They discuss on forums meetings lecture and group discussions related with several issues that varies from the local to international and from economic to political culture (Bacon 2011). If all these individuals were aware about the difference in the distribution of power, wealth and income in the United States they can put their best efforts to generate effective policy. Health care reform stands before the people of America. Many people remain without proper health care. Some state the cost as the reason. President Obama has own plan currently making waves through the political scene as well as the American public. Some do not desire the government involvement. The health care industry applauds the decision (Obama 2013).References:

Bacon, T (2011). Power and influence Leadership Excellence Retrieved October 21 2013 from http://searchproquest.com/docviewDomhoff, G.W. (2011) Power in America; Power, Health and Income Retrieved October 21 2013 from http://www.socialog.ucsc.edu/whorulesamerica/power/wealth/html

Donhoff, G.W. (2010) Who Rules America? Challenges to corporate and class dominance (6thed). New York, NY: McGraw-Hill Retrieved October 21 2013 from http://www.ucsc.edu/whorulesamerica/power/classdomination.htmlHarrison, BC& Dye, TR (2011).Power and Society: An introduction to Social issues (12thed). Boston, MA: Wadsworth

Obama, Barrack (2013) The White House Retrieved October 21 2013 from http://www.whitehouse.gov/healthreform/healthcare/overview