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Essay / Importance of Research - 540
According to Scottish economist Adam Smith, “The disposition to admire, and almost to revere, the rich and powerful, and to despise, or at least neglect, the poor and Bad condition is the greatest and most universal cause of the corruption of our moral sentiments. Lately, the gap between social classes is widening every day. Income inequality is increasing and is leading to changes and changes in our society and our future as a nation. Consequently, what are the causes of social inequalities in our country? Maybe changes in technologies and advancements, job markets, fixed marriages, globalization, or maybe our society is becoming more and more greedy over time. Therefore, I believe this research, “Economic Elites, Investments, and Income Inequality,” by Michael Nau, is important because it aims to inform the middle and lower classes about the truth of how higher incomes create social inequality through the medium of investment and communicates the message that investment has become an ultimate change in income inequality. ...