Mariglen Verjoni Freshman Seminar Professor La’Shannon 3/9/16 The article “Divisions in the One Percent and Class Warfare that Will Shape Election 2014” by Joel Kotkin is about how can people can spread property ownership and how can they improve opportunity in each and every social class in the United States of America. Kotkin was mainly focusing on how each social class has different traditions or beliefs on the elections and because of the inequality in each social class it could affect the 2014 presidential election. Throughout the article Kotkin when on and on about how that there is only “one percent” which is mainly Americas wealthiest individuals, but also it refers to all the wealthiest people in the world and then there is the
Most of the 1 percent was born into that life. A handful of people worked really hard
Does that mean that we should strive to be the richest people ever? No, but we can still better ourselves. The key to success is that one needs to have a passion for something
Four hundred American billionaires own two trillion dollars, as much as the one hundred and fifty million Americans on the very bottom. The top one percent of the richest American own one fifth of the nation’s total income. Similar to the Gilded Age, people who do business and live in urban centers earn much more money than who do not. The unprecedented technological innovation cause the production easier and faster, which renders the employers benefits. Also, the economy gives huge advantage to those who control lots of money, causing the economic disparity even deeper and promoting the appearance of the “Robber Barons,” unscrupulous businessmen who achieve monopolies in their
In the video, The Last Mile a boy named Noah St. John does an incredible job of telling his story in a matter of minutes. Noah is a fifteen-year-old boy who has two mothers. He starts his story by talking about their CRV car that has traveled with his family for miles as they adventured through life. Whenever his mother’s started fighting, they would go on long car drives in the CRV to work out their problems. They also drove the car to activist marches where they courageously made their mark and stood up for what they believed was right.
Not everyone is born rich or made to be rich. Odd things happen to everyone’s life. In my culture, every house starts with brothers living together and then separate when they are married. My father was told to live by his own and raise his family however he wants. Things fell apart when you have no sense of how to raise family and you never went to purchase anything before from markets or you have financially hardship right after.
The wealthier one gets, it seems, the more one rationalizes their decisions and actions. The more one stains their morality little by little until they no longer need to choose what’s right and wrong but what benefits them. Whether it’s right or wrong is then irrelevant. From people to companies, wealth is the source of
The one percent are people of “old money” or large corporate owners who fail to see how their “walmarts” are tearing apart our American society. They tend to only worry about profit margins and how they can make the most out of their money instead of thinking of the 99% of the population.
The rich will do what they can to keep the money and continue to become wealthier. In the article, “Most See Inequality Growing, but Partisans Differ over Solutions,” 54% favor taxing the wealthy to expand aid to the poor. The article states that Jan. 15-19 among 1,504 adults, finds that 65% believe the gap between the rich and everyone else has increased in the last 10 years. Even though a majority sees that economic inequality is a problem, people seem to have different viewpoints on how we should fix it (pewresearch.org).
While also demonstrating how individuals in the Upper Class use their wealth to persuade them to a better outcome. While Doob explained in the reading as well as in the lecture, the Upper-Class has significant wealth over any of the other classes. However, I learned some ways these families or individuals within the Upper Class were capable of building their wealth. Some individuals gained their wealth with a corporate community while some gained from interlocking directorates. Both helped aid the Upper Class gain their wealth because they were corporations that would share or develop economic and political policies.
The article mentioned that the top 1 percent of Americans experienced a 278 percent increase in income between 1979 and 2007, while the middle 60 percent only saw a 40 percent increase. Moreover, the top 1 percent's share of total income increased significantly, leading to a shrinking middle class and a widening wealth gap. Recent studies have shown that the top 1 percent now holds a larger share of the nation's wealth than at any time since the Gilded Age. Therefore, it is clear that income and wealth inequality today are more extreme than during the Gilded Age. To address the inequalities of the Gilded Age, various measures were taken.
The Youtube video titled “Wealth inequality in America” that was shown in class provided a visual description of what our wealth gap looks like. I was absolutely appalled when the narrator stated that the the top 1% of wealth holds 40% of all wealth the bottom 40% only holds 7% of all wealth! He states, “Do you really think that a CEO is working 380 times harder than his average worker’s pay? Not his lowest paid employee, but the average earner in his company.” I found these statistics to be profound and it gives me an insight on how making it in this country is a little harder than
Because of the implementation of this economic policy, wealth inequality in America has grown substantially over the years. According to Evan Kirkpatrick, “the gap [is] widening between the rich and the poor... it is happening at an accelerated rate.” In recent decades, the government has tried to lower taxes on the top 10%, which did not work out as planned because the upper classes were not investing heavily on the working class. Today, the top 20% owns over 75% of the total wealth in the United States.
Wealth and Inequality in America Inequality The inequality in America has increased over time; the gap between the rich and the poor has become a problem that many Americans don’t see. Inequality is the extent of income which is distributed unequally among the citizenry. The inequality of the United has a large gap between the poor and the rich making it unfair to the population, the rich are becoming wealthier and the poor remain poor. The article “Of the 1%, By the 1%, For the 1%”, authored by Joseph E. Stiglitz describes that there is a 1 percent amount of American’s who are consuming about a quarter of the United States income in a year.
First, the affluent live well within their means. This means that they do not show off their riches to others. Secondly, the rich manage their time, energy, and interests efficiently to get a productive outcome. Also, other than displaying their social status, those with wealth believe in financial independence. On average, their parents have laid a good foundation without depending on their wealth.
