INTRO: Money fluctuates within a person’s lifetime; however, money also rules the world. It can control whether or not one is going to be comfortable in life or forced to scrape at the edge with a spoon. It can bring out the worst in an individual as well. Oliver Broudy writes an article how money can alter a person, he says, “In fact, money can relieve us of even our most deeply held principles with the bored ease of an usher taking a ticket,” (Broudy). In the world today there are three different classes of wealth, the lower class, the middle class, and the higher class each with different wealth and income. Robert Reich writes regarding the dilemma that the higher class is becoming wealthier while the lower and middle classes are becoming poorer. From Reich’s essay “Why are the Rich Are Getting Richer and the Poor, Poorer,” it tells of how the economics are swaying, in today’s world, events have not improved the rich are getting richer, the poor are still getting poorer, nonetheless, there is a …show more content…
There is, of course, the wealth that can be easily defined. Derek Dingle wrights of what wealth is and defines it as, “Your net worth is calculated by subtracting your liabilities from your assets. Simply put, it 's what you own minus what owe,” (Dingle). Prosperity is considered money by several points, however there is another way to consider wealth. When Reich says, “All Americans used to be in roughly the same economic boat,” PG 254 ¶ 2) he did not recognize how right he was. Wealth could be considered as the objects one has. Objects can be defined as family, the house the is being lived in, and the other blessings one has. The rapture an individual feels on a daily basis. Wealth doesn’t necessarily intend money; it can propose blessings and family. Considering that, today’s wealth within each class is
According to Gregory Mantsios many American people believed that the classes in the United States were irrelevant, that we equally reside(ed) in a middle class nation, that we were all getting richer, and that everyone has an opportunity to succeed in life. But what many believed, was far from the truth. In reality the middle class of the United States receives a very small amount of the nation's wealth, and sixty percent of America's population receives less than 6 percent of the nation's wealth, while the top 1 percent of the American population receives 34 percent of the total national wealth. In the article Class in America ( 2009), written by Gregory Mantsios informs us that there are some huge differences that exist between the classes of America, especially the wealthy and the poor. After
Money, money, money, money, money. People just care about the Benjamins, the moolah, the cash, the dough— but is it really essential to the human existence, or does society just accept the systematic oppression that comes with the dog-eat-dog nature of our economic system since it benefits the people on top? Monetary gains are all well and good; however, when does it commence to overtake our lives and when does it become our end goal? Instead of relying on money for food, shelter and our overall well-being, society views it as a tool that gives them power over other people, thus putting one’s economic status on a pedestal and making life a difficult competition. So yes, it is a dog-eat-dog world, but that’s not exactly a healthy perspective
With each class comes a certain level in financial standing, the lower class having the lowest income and the upper class having the highest income. According to Mantsios’ “Class in America” the wealthiest one percent of the American population hold thirty-four percent of the total national wealth and while this is going on nearly thirty-seven million Americans across the nation live in unrelenting poverty (Mantsios 284-6). There is a clear difference in the way that these two groups of people live, one is extreme poverty and the other extremely
With a country as wealthy and powerful as the United States, according to Pam Fessler, who is a writer for npr.org, almost fifty million American live in the conditions of poverty. With most of these fifty million Americans, they are trapped in poverty due to lack of access to higher education, unable to obtain necessities, or unable to obtain aid from the government.
Society today is split in many different ways: the smart and the dumb, the pretty and the ugly, the popular and the awkward, and of course the rich and the poor. This key difference has led to many areas of conflict among the population. The rich and the poor often have different views on issues, and have different problems within their lives. Moral decay and materialism are two issues prevalent among the wealthy, while things such as socio-economic class conflict and the American dream may be more important to those without money. Ethics and responsibilities are an area of thought for both classes, with noblesse oblige leaning more towards the wealthy.
Why are so a large number of people that beg for money, sitting on the streets, looking for food 's some sort? It is not day-to-day that we consider situations like this, but it is out there constantly without all of us realizing it. A number of states have poverty 's more issues than others, but it is sad to think about how plenty of people are actually considered to be in poverty. This is an inequality concerning me a lot, and is getting worse daily. Poverty in the United States relates to people whose annual household earnings are less than a poverty line set by the United States government. Poverty is common, resulted in by numerous different factors such as failing markets, structural problems, unfortunate mishaps, and poor individual
Reich, Robert. "Why the Rich Are Getting Richer and the Poor Poorer." Mountain View College Reader. Neuleib, Janice. Cain S., Kathleen. Ruffus, Stephen. Boston: 501 Boylston Street, Suite 900. 2013 Print.
Reich, Robert B. “Why the Rich Are Getting Richer and the Poor, Poorer.” A World of Ideas:
This topic about helping poor people get out of poverty is a critical issue. Almost 800 million people across the globe, most of them children, live with hunger or malnutrition as a regular fact of life. They live in desperate poverty, which means they die younger than they should, struggle with hunger and disease, and live with little hope and less opportunity for a life of dignity (USCCB). Poverty poses a dramatic problem of justice; in its various forms and with its various effects, it is characterized by an unequal growth that does not recognize the "equal right of all people to take their seat ‘at the table of the common banquet' (Social Doctrine of the Church) ."
“Why the Rich are getting Richer and the Poor, Poorer” written by Robert Reich, describes as the title says, why the rich are getting richer and the poor, poorer. In Reich’s essay he delves into numerous reasons and gives examples of each. It makes one wonder if the world will continue on the path of complete economic separation between the rich and the poor.
Over the past few years, a number of occurrences have displayed the growing economic and political inequality of the United States. The currently dissipated Occupy Movement did draw the general public’s attention to the ridiculous strides made by the rich, whose incomes have skyrocketed within the past four decades. Those pertaining to the middle-income and poor have sadly had their incomes stagnate. According to Caroline Fairchild from the Huffington Post the middle class incomes steadily is on the decline. In 1968 the middle class earned about 53.2 percent of national income in 1968. This number has now fallen to 45.7 percent. Super PACs became a concern as more individual donors willingly wrote up enormous checks to support their particular candidates. As a result, this gave prominence to the growing political inequality, as well as highlighting the rich’s ability to have their words have much more weight over the average citizen in America.
Income inequality continues to increase in today’s world, especially in the United States. Income inequality means the unequal distribution between individuals’ assets, wealth, or income. In the Twilight of the Elites, Christopher Hayes, a liberal journalist, states the inequality gap between the rich and the poor are increasing widening, and there need to have things done - tax the rich, provide better education - in order to shortening the inequality gap. America is a meritocratic country, which means that everybody has equal opportunity to be successful regardless of their class privileges or wealth. However, equality of opportunity does not equal equality of outcomes. People are having more opportunities to find a better job, but their incomes are a lot less compared to the top ten percent rich people. In this way, the poor people will never climb up the ladder to high status and become millionaires. Therefore, the government needs to increase all the tax rates on rich people in order to reduce income inequality.
Money is an essential part of life where every people can satisfy whatever they need and every person in America has a chance to find a job. However, some of the people in the country wanted to go on with their life freely by being a part of a welfare. Furthermore, distribution of wealth is a huge demand of every citizen. Everyone today is trying to look down for every people in the lower class, as they did not give any benefit to the country, waiting for the benefits that they will receive from the government. For instance, when most lower class people have gone through a financial crisis due to overspending, insufficient fund or pay for their work to support themselves and/or their family. The example shows that lower class people made the economy of the country unstable, however, the middle class and the higher class is at fault as well. Furthermore, even though the benefit of that the lower class received is from the middle class, the middle class as well benefits from the higher class. To sum up, every class is at fault towards giving the country’s economy a positive
..., a person who earns $25,000 is happier than a person who makes $125,000 and an employee who makes $500,000 is only slightly happier than someone who makes $55,000. Lastly, there are more important things in life that and make you happy, for example, friends. They don’t come with a price tag, and if they do, you definitely need new friends. Money won’t make you happy since good times can’t be bought. You don’t need a fancy vacation to have a good time; it’s just a matter of who you spend it with. Over the years, humans have blown the value of money way out of proportion. People make it seem like if you’re not filthy rich, then you won’t live a good life but it’s not true. You can lack money and yet still live a perfect, happy life.
Money can give people a lot opportunities and privilege. Financially privileged people have no trouble getting materialistic things such as big houses, expensive cars, and jewelry. Being privileged can also provide better scholastic education as well as respect. On the other hand, a lack of money, as a person might guess, limits opportunity and lower a person’s status on the privilege pole. In order for an underprivileged person to have all of those things, they have to work hard to get to get the luxuries of nice houses, cars, and jewelry. As far as education goes, the underprivileged might not go to the best schools but they get an education that will prove to be more valuable in life; they learn to earn respect, appreciate what they have and how to survive with just the necessities and what’s really important in life. So when a person looks at each group and tries to decided with one gets the most out of life, they will see that underprivileged individuals get so much more out of life than a person who came up in affluence and privilege.