1. Income Distribution in America
John Adams added that "all men are born with equal powers and faculties, to equal influence in society, to equal property and advantages through life " (The New American, 2013).These words were expressed by one of the creators of the society, which was supposed to become one of the most democratic and freest countries in the world. ... However, the main reason that income inequality starts can be traced back to Adam Smith and the division of labor. ... Adam Smith called this system, "laissez-faire " which means leave alone and let the system regulate itself. ... Smith's suggested that fre...
- Word Count: 1440
- Approx Pages: 6
- Has Bibliography
- Grade Level: High School