https://padlet.com/jrdavila2the13/en6x8wn7nbx3 Made with magic en-us 2018-10-08 17:08:56 UTC 2025-10-25 16:45:52 UTC hello@padlet.com jrdavila2the13 https://padlet.com/jrdavila2the13/en6x8wn7nbx3/wish/292017300 1. what is a quin-tile and what do the five quin-tiles represent in this document?
A quin-tile is a portion of Americans based on their wealth.  In this graph there is poorest to wealthiest.
2. Using an eyeball estimate, what percent of US wealth do respondents presume is held by the wealthiest 20 percent?
About 35%
3. What percent of US wealth do respondents believe should be held by the wealthiest 20%?
About 27%
4. Make an eyeball estimate of what percent of US wealth is actually owned by the richest 20%.
About 85%
5. Make an eyeball estimate of what percent of US wealth is owned by the poorest 20%.
About 1% or less]]> 2018-10-12 03:17:00 UTC https://padlet.com/jrdavila2the13/en6x8wn7nbx3/wish/292017300 jrdavila2the13 https://padlet.com/jrdavila2the13/en6x8wn7nbx3/wish/292017817 1. In the graph, how much of the US population is represented by each person? what does the stack on top of each person represent?
Each person represents 1% of the population.
2. How much of the nation's wealth is owned by the top 1 percent? By the bottom 80%?
1% has 40% of all wealth. the bottom 80% has only 12%.
3. Does this document change your view of what it means to be "middle class" in the US?
yes.
4. What is meant by the statement, "the poorest Americans don't even register, they are down to pocket change?
It mean that sadly our economy is so off balance that a percentage of Americans don't even register to be on a scale that represents money to the people.
5. How can you use this document to argue that the US should reduce economic inequality?
This Doc shows how uneven our money flows, how literally one sided the rich is to the poor when it can be leveled easily. ]]> 2018-10-12 03:21:21 UTC https://padlet.com/jrdavila2the13/en6x8wn7nbx3/wish/292017817 jrdavila2the13 https://padlet.com/jrdavila2the13/en6x8wn7nbx3/wish/292018421 1. "Constant dollars" show dollar amounts adjusted for inflation. Which jagged line in the left-hand graph shows constant dollars? Which line shows current dollars?
The lighter line is constant the darker line is current dollars.
2. According to the left hand graph, what has happened to the inflation-adjusted minimum wage between 1968 and 2016? Would you rather be a minimum wage worker in 1968 or 2016?
2016 because inflation spiked meaning minimum wage peaked at $10.56.
3. According to the global minimum wage graph, name two countries with higher minimum wages than the U.S. Name two countries with lower minimum wages than the US.
The UK and Japan have a higher minimum wage, and Israel and Greece have a lower minimum wage.
4. Are you surprised at where the US ranks on the global minimum wage graph? Why or Why not?
i am not because we are right in the middle.
5. How does this document help answer the question, "how should the US reduce economic inequality?"
If we reduced economic inequality then we would be higher up in having a higher minimum wage. ]]> 2018-10-12 03:27:38 UTC https://padlet.com/jrdavila2the13/en6x8wn7nbx3/wish/292018421 jrdavila2the13 https://padlet.com/jrdavila2the13/en6x8wn7nbx3/wish/292019155 1. Name two characteristics typical of people who earn the minimum wage.
Work part time, earning spending money.
2. Name two ways real minimum-wage earners are different from people's stereotype of minimum wage earners.
They average over 35, have children.
3. according to the report, how many workers would experience wage increases as a result of raising the minimum wage to $10.10 an hour? Your answer should include the term "ripple effect."
16.7 million workers.
4. according to the report, why are low-wage earners more likely to spend any additional earnings they receive? how could this help the economy?
because the money they earn needs to be spent on essential items.
5. how does this document help answer the question, "how should the US reduce economic inequality?"
it would help circulate money faster and better in the economy. ]]> 2018-10-12 03:33:38 UTC https://padlet.com/jrdavila2the13/en6x8wn7nbx3/wish/292019155 jrdavila2the13 https://padlet.com/jrdavila2the13/en6x8wn7nbx3/wish/292020022 1. According to the graph, if a higher minimum wage is introduced, what happens to the quantity of labor demand by owners? What happens to the quantity of labor supplied by workers?
it decreases.
2. If a higher minimum wage is introduced, what happens to unemployment?
it increases.
3. according to the heritage foundation report, what are two possible negative effects of an increase in the minimum wage?
profits decrease, and workers get laid off.
4. How could you use this document to help answer the question, "how should the US reduce economic inequality?
economic inequality should be leveled out so to where an equal amount of workers would have a higher better pay. ]]> 2018-10-12 03:39:38 UTC https://padlet.com/jrdavila2the13/en6x8wn7nbx3/wish/292020022 jrdavila2the13 https://padlet.com/jrdavila2the13/en6x8wn7nbx3/wish/292021500 1. In General terms, what information is represented in Graph A?
marginal US income Tax Rates.
2. Explain marginal tax rate.
taxes paid on income above a certain amount.
3. Between 1960 and 2004, what happened in the US to income taxes for each of the following groups: 
   * Highest-earning .01%
   * Highest-earning 20%
   * lowest-earning 40%

4. according to the Global Income Tax Rates graph, in which countries do workers pay the highest income taxes?

5. according to the global graph, in which countries do workers pay about the same income tax rate as the US? 

6. how could you use this document to help answer the question, "how should the US reduce economic inequality?" ]]> 2018-10-12 03:50:27 UTC https://padlet.com/jrdavila2the13/en6x8wn7nbx3/wish/292021500 jrdavila2the13 https://padlet.com/jrdavila2the13/en6x8wn7nbx3/wish/292022198 1. What is the Bookings Institute and what is the policy option that the institute is examining?
top income tax rate substantially after income inequality.
2. What are the three scenarios that the Brooking Institute used in its simulation?
raise from 39.6 to 45%
raise from 39.6 to 50%
raise to 50% for income greater than $1million.
3. According to the report, what happens to income inequality under the three scenarios?

4. How can you use this document to help answer the question, "How should the US reduce economic inequality?]]> 2018-10-12 03:56:01 UTC https://padlet.com/jrdavila2the13/en6x8wn7nbx3/wish/292022198 jrdavila2the13 https://padlet.com/jrdavila2the13/en6x8wn7nbx3/wish/292022799 1. If taxes on the top .1% were increased to 40%, what would be the result? what would happen if that percentage were increased to 45%?
would produce $55 billion in extra revenue in its first year.
2. What is an example of something this increased tax revenue could pay for?

3. How much additional revenue is raised by taxing the 95th to 99th percentile at 35%?
produces $176 billion.
4. What groups of people would most benefit from these plans?
would help reduce government borrowing.
5. How can you use this document to help answer the question, "How should the US reduce economic inequality?"]]> 2018-10-12 04:01:19 UTC https://padlet.com/jrdavila2the13/en6x8wn7nbx3/wish/292022799