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Distribution of wealth is a comparison of the Wealth of various members or groups in a Society , and is one aspect of the Economy and Social Structure . Typically, various Racial and Ethnic groups possess differing amounts of wealth, and the same is true when people are grouped by age or education. Different Job s bring in greatly different wages; the pay for some jobs is thousands of times greater than the pay for other jobs. There are any number of ways in which the Distribution of wealth can be analysed. An example is to compare the wealth of the most wealthy ten percent with the wealth of the poorest ten percent. In many societies, the richest ten percent control more than half of the total wealth. In some countries, attempts are made through Taxation , Regulation and Government al oversight to diminish the natural economic tendency for capital (and therefore effective political power) to accumulate among small groups. The political systems of Socialism and Communism are intended to diminish the perceived Conflict s arising from unequal distribution of wealth. They attempt to do so by forcing wealthier members of society to surrender some or all of their assets to the state in a process sometimes called Redistribution Of Wealth . Another method of redistribution of wealth is Progressive Taxation and Inheritance Tax . Critics of state-managed economies cite the former Soviet Union and The People's Republic of China as examples of countries where, despite aggressive economic regulation, wealth continued to be distributed unevenly. At the end of the twentieth century, wealth is concentrated among the G8 and Western Industrialized Nations , along with several Asia n nations. In the United States, 10% of the population owns 71% of the wealth, and the top 1% controls 38%. On the other hand, the bottom 40% own less than 1% of the total wealth. {Link without Title} The Difference Between Income and Wealth Wealth is a stock, meaning that it is a total accumulation over time. Income is a flow, meaning it is a rate of change. Income represents the increase in wealth, expenses the decrease in wealth. Mathematically, net income (income minus expenses) can be thought of as the first derivative of wealth, representing the change in wealth over a period of time. See also External links
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