Unformatted text preview: • It unfairly targets family business, and it penalized people who save, reduces incentives to work. • One’s personal wealth is calculated by one’s net worth or total assets minus the total debts; some based on income to assess one’s level of wealth; however, people can be income-poor but still wealthy if he accumulates assets. • Increase wealth gap and additionally, wealth ownership disparities are still high among racial groups in the United States....
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This note was uploaded on 03/26/2010 for the course SOCI 101 taught by Professor Na during the Fall '10 term at University of North Carolina Wilmington.
- Fall '10