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Pages:
2 pages/β‰ˆ550 words
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Style:
MLA
Subject:
Law
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
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Total cost:
$ 8.64
Topic:

Concept of Justice and the Distributive and Economic Justice

Essay Instructions:

• The Concept of Justice
o What does the concept of justice mean to you?
• Theories of Distributive Justice
o Which theory of distributive justice do you find most convincing, and why?
The United States and Economic Justice
o Is the United States an economically just society? Explain your view.

Essay Sample Content Preview:
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Justice and Economic Distribution
The Concept of Justice
Several philosophers have offered worthwhile arguments towards the concept of justice. Personally, justice means treating all individuals equally concerning the country's constitution and abiding by regulations regardless of the person's socioeconomic and social status in society. Therefore, any discrimination becomes irrelevant. This assertion is derived from the system's continuous nature to favor well-off individuals and the treatment of the lower class as pawns in these developments.
An excellent ongoing example is an antagonism between Wall Street hedge funds and individual investors concerning the gaming company GameStop. Individual investors in the popular social media platform Reddit collaborated to squeeze hedge funds against the bet they had made against GameStop (Sweney). Hedge funds such as Melvin Capital did short GameStop's shares only for individual investors to rally against this idea and lead to loss of billions of dollars for hedge funds (Aliaj et al.). Shorting is unfair to a company because those who lack any shares in the company have no right to dictate the direction of the share price. Regardless, it exists. However, it is unfair that trading platforms such as Robinhood locked individual investors from trading while allowing the hedge funds to trade freely. It is unfair that they did this and should be prosecuted.
Theories of Distributive Justice
In the current free-market economic system, utilitarianism appears to be the most effective distributive justice theory. This personal opinion is based upon the most prevalent ideal. People with a substantial income and wealth appear to be the only ones seizing emerging economic opportunities. Sawhill and Pulliam claim that "the top one percent of the usual income distribution holds over $25 trillion in wealth, which exceeds the wealth of the bottom 80 percent." This position insinuates that the best option available for distributing public wealth is distributing it to areas where it benefits the greatest ...
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