2.2 Class inequalities in income

Question 1

what is income?

Answer 1

money received on a regular basis wages, benefits, pensions

flow of money into a household

Question 2

the richest 1/5 of society have what percent of UK income?

Answer 2

40%

Question 3

the poorest 1/5 of society have what percent of UK income?

Answer 3

8%

Question 4

is the UK becoming more or less unequal?

Answer 4

more

genie coefficient has risen

Question 5

what has happened to the salaries of the rich in recent years?

Answer 5

they have doubled

Question 6

what happened in the 1st 5 days if 2015?

Answer 6

top earners had made more than what most people earn in the entire year
“fat cat day”

Question 7

what is the genie coefficient?

Answer 7

the gap between the richest and poorest in society

Question 8

those in the bottom 10th of the population earn how much less than the top 10th of the population?

Answer 8

10x less

Question 9

the percentage of income inequality is increasing in who?

Answer 9

ethnic groups

Question 10

who pay a higher proportion of their income in tax?

Answer 10

the poor

Question 11

(2013) the poorest 5th paid what percent of their income in tax?

Answer 11

37.4%

Question 12

(2013) the richest 5th paid what percent of their income in tax?

Answer 12

35.1%

Question 13

income inequalities are the basis of what?

Answer 13

many social class inequalities in the UK

Question 14

what does a persons income affect their access to?

Answer 14

things viewed as desirable by society e.g. transport, consumer goods, housing, leisure

Question 15

there are issues in measuring income if using surveys what might people do?

Answer 15

over exaggerate or under estimate their incomes
for tax/benefit reasons
social desirability
businesses - not a clear income always money going in and out

Question 16

why might the rich pay a lower proportion of their income in tax?

Answer 16

find ways to avoid paying it - off shore accounts

can claim tax back on business expenses

Question 17

what is the functionalist and new right view of income inequality?

Answer 17

necessary to motivate people to work harder using their talents and abilities

Question 18

what is the Marxist and Weberian view of income inequality?

Answer 18

CEOs and big business owners have the power to make their salaries seem normal - a culture where huge rewards are the “norm”