Income and Wealth Inequality:Does Capitalism Work for Everyone====================================================Purpose: Understanding the growing gap in income and wealth in the USA and other countries, its economic causes and effects.Task: Use assigned resources and find your own to answer questions about inequality, and prepare for discussion.Criteria for success: Follow directions, answer questions, and have a good discussion!======================================================================Directions: Watch three (3) assigned videos (approx. 1/2 hour) and answer the following questions:TED talk: How Inequality Harms SocietiesTime Magazine: A Look and Income Inequality in the U.S.Crash Course Economics: Income and Wealth Inequality(3 points) According to the videos, what is happening to inequality in the USA? Why is this an economic concern? Explain. (1-2 paragraphs)(3 points) According to the videos, what are some of the social costs of inequality in America and other societies? (1-2 paragraphs)(3 points) Find another source (article, video, website, documentary, blog, etc.) that addresses inequality in the U.S. or around the world.Write a few sentences telling what it was about and your opinion of it.List some of the facts that you found. There should be solid facts or specific and thought-provoking ideas presented, or you should find a different source. These could be facts that confirm or challenge those presented in the assigned videos. You may include your opinion. (1-2 paragraphs)[Possible bonus: If this subject is of interest, it might provide an opportunity for extra credit (see syllabus). A list of approved videos is in Canvas/modules/extra credit opportunities. The documentary “Inequality for All” is on the list, and highly recommended.](1 point) Include the title and citation for the source above, and why you think the source is reputable. List the organization/source by name if not obvious from the URLs alone.===========================================TED talk “How inequality harms societies”(Links to an external site)https://www.youtube.com/watch?v=qc7g6Uhi1i4https://www.youtube.com/watch?v=0xMCWr0O3Hs
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