need help on economics?

Question

http://www.lessonsite.com/AuroraImages/Economics101/Proficiency/LSSFootBalGraphic.gif

The U.S. Population is represented along the length of the football field above, arranged in order of income. Median U.S. family income (the family at the 50-yard line) is $40,000, or a stack of $100 bills 1.6 inches high. The family on the 95 yard line earns about $100,000 per year, or a stack of bills 4 inches high. At the 99 yard line, the income is about $300,000, or a stack of $100 dollar bills about 1 foot high. The curve reaches $1 million-- a tack 40 inches high-- one foot from the goal line.

* What does this graphic representation imply about the distribution of wealth in our economy?
* What changes would be required in order to more evenly distribute wealth? Would any of these changes entail changing the entire governmental or economic system?

Answer 1

. This is the bell curve, and you're substituting a football field.
1. The distribution is uneven.
2. How to fix, tax the rich. ( Politician's favorite fix-all)It would destroy our economic system. The poor would feel no motivation, and the rich would have no incentive.
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Granted, "getting ahead"requires more than just motivation. It required hard work, yes- wealth in the family, yes-greed, and dedication.

Goodl luck in your studies.
I find economics fascinating, The unfortunate thing is, it's all theory.
Take oil prices. Prices will go up because of increasing tensionin the Mid east. Ok.Makes sense.
Prices dropped. People aren't driving as much.Ooops! Didn';t count on that!