Effects of Sudden Wealth on the Winners Essay

Effects of Sudden Wealth on the Winners Essay

Length: 512 words (1.5 double-spaced pages)

Rating: Good Essays

Open Document

Essay Preview

“A fool and his money are soon parted” (Unknown) people who are lucky enough to become suddenly rich will only ruin their life in the long run, either by winning a lottery, having a successful investment, or just claiming an inheritance, with these categories there are same effects: bothering charities, filing for bankruptcy within next five years, and unlasting happiness.

Charities will often ask money through organizations, for sudden wealthy, charities wouldn’t leave them alone till they get the amount they want. “Unfortunately, there is not enough money in the world to satisfy, number amount of organizations with their outstretched hands. Charities are often good deed to share money with, but even that wouldn’t do any good”(Sudden Wealth, According to Al Jacobs.) Having to win eighty five million dollars Neal Wanless is being begged from thousands of charities, “He developed a web site and hired an advisor for forty thousand dollars a year just to get his inquiries billed to the advisor” (Sudden wealth, can just be plain mean, dealing with success)

“It is estimated th...

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Pursuit of Wealth Essay

- Throughout history, there has always been a pursuit of wealth; meaning, not just “money,” but also power, land, freedom, and possessions. Under a moral, trustworthy government this is not a problem, it is when the government is corrupt that issues tend to proceed. The pursuit of wealth has had a mostly positive with some negative effects on the development of civilization up until this point; some examples include the fall of Rome, capitalist and communist economic systems, and the American Revolution....   [tags: wealth, ]

Good Essays
824 words (2.4 pages)

The Wealth Effect Essay

- The Wealth Effect The "Wealth Effect" refers to the propensity of people to spend more if they have more assets. The premise is that when the value of equities rises so does our wealth and disposable income, thus we feel more comfortable about spending. The wealth effect has helped power the US economy over 1999 and part of 2000, but what happens to the economy if the market tanks. The Federal Reserve has reported that for every $1 billion in increase in the value of equities, Americans will spend an additional $40 million a year....   [tags: Wealth Effect Stock Market Economy Essays]

Good Essays
3906 words (11.2 pages)

Essay about Effects Of Sudden Onset On Attention Capturing

- In previous research, the elements and relationship, between sudden onset and attention capturing was studied. Yantis & Jonides (1995) suggested that sudden onset is not strong in automatically capturing attention. Moreover, Neo & Chua (2006) suggested that it was more likely for sudden onset to capture attention, only when the onset appears rarely. In this study, the effect of attention capturing was assessed through 6 different conditions under the effect of sudden onset. There were 3 types of mixtures....   [tags: Psychology, Perception, Attention, Sense]

Good Essays
1467 words (4.2 pages)

The Winners And The Losers Essay

- The Winners and The Losers Throughout history there has been a disconnect between, countries who have mass amounts of impoverished people and those other countries who have an ample amount of resources at their disposal leaving countries desperate. No matter how much the world attempts to create a free and fair trade system, there will always be winners and losers because we live in a capitalistic society, where competition is a major deciding factor in everyone’s life. The advantage of living in this type of society is the competition to produce for the lowest prices possible, it allows prices to be cheaper and certain necessities to be more accessible for more people, but is violating some...   [tags: Economics, Poverty, Wage, Working class]

Good Essays
1344 words (3.8 pages)

Extreme Wealth Is Bad For Everyone- Especially The Wealthy Essay

- In the article “Extreme Wealth is Bad for Everyone- Especially the Wealthy” published on November 12, 2014 for The New Republic, the main argument is whether wealth is beneficial for people in terms of society, happiness, and life or not. Geared towards the common public, based on the fact that the source is for commercial entertainment, Michael Lewis successfully points out that wealth is indeed a negative influence on people’s lives. However, Lewis would have struggled with successfully conveying his ideas on the effects of wealth with a more educated audience because he failed to point out both sides of the argument....   [tags: Wealth, Poverty, Concept, Capital accumulation]

Good Essays
1272 words (3.6 pages)

Tipping The Scale On Wealth Inequality Essay

- Tipping the Scale on Wealth Inequality On November 8th, 2014, The Economist published an online version of its printed article titled “Forget the 1%”, that compared some of the views found in Thomas Picketty’s highly acclaimed book, Capital in the Twenty-First Century (2013), to other recent studies. For example, the article mentioned a 2004 study that focused on estate-tax data performed by Wojciech Kopczuk of Columbia University and Emmanuel Saez of the University of California, Berkley. It also took notice of the results rendered by New York University student, Edward Wolff’s study of Federal Reserve data as it related to consumer finance, and finally the Economist included an up close l...   [tags: Wealth, Distribution of wealth, Income, Wealth]

Good Essays
1029 words (2.9 pages)

The Distribution Of Wealth Inequality Essay

- The distribution of wealth in America has been unevenly distributed since 1970. We can see this distribution clearly through some of the wealthiest people in America who make millions of dollars, compared to a homeless individual. There is a huge income gap between rich and poor, the rich stay rich, and the poor, become poorer. Income inequality refers to the unequal distribution of income and wealth between the social classes of citizens. This concept of income inequality has proved over the years, to be a widespread problem, where in the future, economic inequality in developing countries will make up about “95 percent of the entire global population.” Nancy Birdsall discusses this notion...   [tags: Poverty, Economic inequality, Wealth]

Good Essays
1011 words (2.9 pages)

The No Winners, No Losers Generation Essay

- “Tro-phy; noun: A cup or other decorative object awarded as a prize for a victory or success” (Oxford Dictionary). Not too long ago, some well-meaning person or persons made a decision that would greatly impact today’s generation of kids. They decided that we needed to give all children a trophy for only simply participating. There became an unwritten rule that it was "wrong" to celebrate winning, because it would hurt the losers' feelings. Now days a team who goes undefeated in a youth sport will receive a trophy, but so will all the children who came in last place and did not win a single game....   [tags: self-esteem, trophies, failure]

Good Essays
1406 words (4 pages)

Graduation Speech: We are Winners

- Parents, family and friends, faculty, Class of 2012: Tonight we celebrate the completion of 12 years of schooling and look toward what will be in store for us in the future. It has been a long road for most of us, and a difficult one for some, but the fact is, we made it. Tonight we are all winners. However, I would like to talk for just a few minutes about losing. Throughout history there were many people we consider winners, who, in fact, lost many times in their lives. Walt Disney was fired by a newspaper editor because he had "no good ideas." Even though he hit 714 home runs, Babe Ruth struck out 1,330 times....   [tags: Graduation Speech, Commencement Address]

Free Essays
933 words (2.7 pages)

Essay about Losers and Winners of Globalization

- 'Despite the views of many optimists, there are clearly losers as well as winners from the process of globalization.' The statement at the head of the page assumes that Globalization creates both winners and losers. This is a view shared by many, but not all, theorists and commentators. There are many trends of thought regarding exactly who the winners and losers may be as well as what may be considered a prize or a punishment (e.g. some may sight the availability of McDonalds fast food throughout France an enrichment and some may see it as an unwelcome and unsavoury invasion.) Comparison between these opinions paints an interesting picture of what Globaliza...   [tags: Globalisation Essays]

Good Essays
1767 words (5 pages)