Summary Of Michael Lewis's 'The Mansion: A Subprime Parable'

“There is something profoundly wrong wrong when one family own more wealth the bottom 130 million Americans.” The United States of America has always had economic growth problems. Income Inequality is a big factor for this situation. We are currently in the 21st century and yet we have no improvement on income inequality. In 1984 by George Orwell the low income are the proles who are the incredulous of the story.

When Gatsby was a little boy, he grew up in poor conditions, which led to the hatred he always felt towards poverty. Since his childhood, Gatsby’s main goal was to become wealthy, whatever the cost or the aftermath would be. He was a dreamer, and money was his American Dream. However, as a young adult, his goals (and life) radically changed. Gatsby met his first and only love, Daisy.

The Failed American in Great Gatsby After the First World War, the old values in society were breaking down and great changes happened among the new generation. Thousands of Americans speculated and gambled on the stock market and many people made a lot of money over a night. So there emerged a group people---they chased a material well-being life and a more capitalistic and materialistic attitude but lack of spiritual pursuit, which is called “The American Dream”. Generally, the American Dream aspires to rise from rags to riches, while accumulating such things as love, high status, wealth, and power on his way to the top.

Until suffering from a breakup that made changes in his life forcing him to take different actions, attitudes, and values as he grows older. In the beginning, Oscar chose to date two girls at the same time— only lasting a week before he gets heartbroken. Afterwards, he changes his perspective about life by doing negative choices. First, he lets himself down by not caring about his physical looks and becomes overweight and unattractive, “Over the couple years he grew fatter and fatter.

The Trouble with Billionaires is an insightful book about many key issues that the world is faced with today that is caused by billionaires, some of these issues include things like monopolies and how they are not only harmful and potentially dangerous for economies but also how they cause harm for society. The book highlights many of the societal dangers and social injustices that are associated with the inequalities of wealth, income and political power. The Trouble with Billionaires tries to bring light to the many issues that are caused and faced by billionaires even though they are such a small percentage of the population. The book states that in 2013 there were at least 1400 individual billionaires in the world. (Brooks & McQuaig, 2010).

(Twayne publishers) This basically explains the same thing except that wealthy or not you can never escape the eyes of god and that someone will always know if you’re a lie or a cheat. The American dream and the upper class as fall around money,but the corruption of these are also due to

The Real Life Monopoly People say money makes the world go round. This phrase seems to sadly be true in today's economy. It is being run by CEOs, and the upper class society that seems to find tricks in every nook and cranny they can get. Even popular childhood games like monopoly force us into playing into income inequality. This is a serious ongoing issue that is affecting the lives of many citizens trying to live the "American dream".

The Great Gatsby and the American Dream The Great Gatsby, written by Francis Scott Key Fitzgerald, is a book that demonstrates how the American Dream is corrupt. The Great Gatsby presents three varieties of people, which includes the established rich, the newly rich, and the poor.

Gatsby were reluctant to accept the fact that Daisy was no longer belonged to him. Although he acts like an upper class and have lots of money, but those people who born in rich family were still consider he as lower stages. Many readers consider Gatsby 's dream as a burst of American dream, however, it’s not true. Gatsby blindly chasing Daisy, and consider her as the final goals of his whole life, in the end, his dream broken. If he can see through the surface, and found the truth, the tragedy will never

People were, and still are attracted to a higher class of living and everyone wants to be rich. Gatsby‘s character is defined through his extravagant house, clothing, parties and cars. (QUOTE THE LAST PART) When we look at our current society, this particular aspect having to do with materialism has not changed much since the writing of “The Great

Swells from "The day after Thanksgiving" influenced the U.S. economy for quite a long while and scourged whatever remains of Ulysses S. Award 's residency as president. By the by, Jay Gould and Jim Fisk figured out how to get away from the catastrophe none the worn out. In spite of numerous claims of wrongdoing and an official examination by Congress, the two utilized their political associations and utilized a unit of lawyers to abstain from spending a solitary night in prison. Fisk even ducked out on his enormous misfortunes, asserting outsider intermediaries had made the exchanges without his insight. Gould might have demonstrated much luckier.

In this article by Sean Mcelwee(2014) he talks about why income inequality is the toughest issue America will face in the next few decades. In the article, Why income inequality is America’s biggest (and most difficult) problem, Mcelwee(2014) believes that after the studies he has seen, the most effective way to solve the policy issue of income inequality is by higher taxes on income and wealth. However, the rich would never buy into this solution, because it would take more of their wealth, when the wealthy are trying to maximize their money returns. Mcelwee (2014) also talks about how when a family is wealthy, money tends to stay in the family for 10-15 generations, which is also true for families with lower incomes as stated here by

The social security is a costing system and it occupies a big proportion in the government spending. In Barbara R. Bergmann’s article “Could Social Security Go Broke?,” she deems that there is enough fund in the social security system and the government can easily transfer the tax income from current employees and firms that employ these employees to the social security to support retirees’ lives. This point of view only can be considered as assumption, but not for the real world. After the finacial crisis in 2008, a large number of employees were laid off during that time and some employees decided to retire early, which results the labor force in American has shrunk. In the meantime, the presence of effective technology products,

Britain had invested a lot of money into the war, so therefore their war cost was remarkably high (National Park Service), so they tried to raise their Tax revenue considerably high un-noticed. Without a representative, the Colonists in, what we now know as America, realized this change. They began to protest against the high taxes, and their famous quote was “No Taxation without Representation!” (A&E Networks) Because they were being taxed, without any consent of representatives.

There’s been a history of fraternization between a sales person and client for the past few years. Bill has invited Joe and his wife on to his yacht for the weekend. Joe and Bill have a relationship that goes beyond just normal “client/salesman” to the area of friendship. This friendship is dangerous because now this client expects the salesman to undercut his already low price uniform price by 10%. The reason I think a policy is necessary is because without it the clients can bribe the sales people so they will cut prices to keep business.