This widened gap in income distribution inhibits equal opportunity distribution. In addition to being inaccurate, today’s distorted version of American Dream is also prejudiced, making it unattainable for the bottom 90 percent of Americans today. In By Our Own Bootstraps Michael W. Cox and Richard Alm believe, “There’s no denying that our system allows some Americans to become much richer than others.” (Cox & Alm 66).
The same theory goes for taxes across societies. The United States has one of the most drastic income inequalities on the earth. An explanation for the reasoning of the inequalities is globalization, skill-biased technological change (SBTC), and job polarization (Drennan, 2016). Something that promotes American’s distaste for taxes is the inequalities
Scott Fitzgerald is represented on how the wealthy not only looked down upon people of little wealth, but also those from all kinds of lifestyles who just did not seem to fit in their prime and extravagant lifestyle. The true meaning behind the disguise is that no matter what, the feeling of wanting more and more wealth will always cause the wealthy to feel as if they are superior than all those who aren’t. Wealth can rot a person from the inside and their lifestyle as a whole also created a feeling of hatred and resentment towards those who are snobbish and blasphemous due to their social class. This relates to the mid-1920s because it shows how ignorant and degrading people were. In society at the time, this book was written, during around the time where racism was common.
He promised that the government would intervene in the economy to provide relief for the great depression, he proposed a ‘new deal’ that would give millions of Americans jobs and create a more stable US economy. “Roosevelt faced the greatest crisis in America since the Civil War.” (Franklin D. Roosevelt Biography). In the beginning of his presidency, he began to make good on his promises, he created many agencies and associations to help get the economy under control and to help lower the unemployment rate. As the economy was stabilizing and the unemployment rates and GDP were beginning to rise back up to normal levels, he fell under criticism for putting too much power in the government’s hands for controlling the economy.
Brandon King asserts, “We may have genuine inequality issues and a sizable divide between the rich and poor, and we might have an economy that is recovering too slowly for public interest” (613). What Brandon King is saying is that those who don't have as much power as the upper-class, tend to lose hope because lower and middle-class people see those at the top as superior. Sometimes we tend to believe that inequality has become inevitable to overcome because it’s been going on for long. David Leonhardt writes in his essay, “we could end up with a society in which the rich separate themselves from everyone else, perpetuating their wealth from one generation to the next (543). His point is that there can be something for the inequality between the rich and poor.
Another dominant symbol within this novel is the billboard eyes of Dr. T.J. Eckleburg. The eyes symbolize the loss of spiritual values in America. The eyes symbolize the growing of America and how life in America is all about making money. A lot of money is demonstrated by the wealth of people like Tom Buchanan. A man’s success is measured in terms of how much money he is worth, not on what kind of person he may be on the inside.
Class structure in the 1920s as we know it was a social status. There are three important components to the social class ladder. Wealth has become a problem, and this was proved in F. Scott Fitzgerald’s, “The Great Gatsby,” class structure is portrayed through the wealth of the characters. A reason for why the era of “The Roaring Twenties” ended so abruptly.
They mean that the wealth gaps in America are getting further apart. The rich are getting richer and the poor are getting poorer. The wealth gaps in the social classes in the United States are getting worse because the haves and have nots are widening, the American dream is getting harder to do, the rich are taking more of the pie and, income inequality is on a record high. In the United States, people are categorized into three main social classes.
“Capitalism, a system of taking and giving – mostly taking” This is how the capitalistic system is portrayed in Michael Moore’s 2009 documentary, “Capitalism: A love story” where corruption is the new norm and the rich are more materialistic and profit driven than ever. Michael Moor’s attitudes towards capitalism are much alike those towards big corporations, like the one his father used to work in, as they will do anything in order to maximise profits and increase their equity at any cost. Moore talks about how there is no longer a middle class, only the lowest of the low who are forced into debt by the banks and are humiliated by them with no self-remorse or compassion and those who have it all, the money and power to do whatever they want
Something is rotten in U.S.: at the very least in the realm of economics (and perhaps even politics). It appears that there is an ongoing successful drive to privatization of everything: schools, roads, prisons; programs such as Social Security, and Medicare. What motivates this drive is a belief foisted on the public that the private sector is more efficient than the public sector. This belief grows out of the notion that the quest for profit is a regulating factor: efficiency reduces costs. The public sector, on the other hand, is motivated by a completely different objective—to increase the general welfare.
In America, many workers in the “Progressive Era” were experiencing more challenges than opportunities and were labor leaders came in with corresponding rights and wages. The wealthy elite having control of basically everything flourished during this time with their efficient modes of performance. Workers under the control of the wealthy elite were defeated with the lost of actual intelligence and unethical conditions. For labor leaders they persuade prosperous Americans by distrusting employers and to negotiate with them - the politicians - to pass their dominant values. With the workers ' frustration of their jobs, it only seems logical that labor unions would have been born.
The Great Depression of 1929 is the one people know well, at least in the United States, but what cannot be agreed on is how it happened. Many historians turn to the Stock Market Crash that happened prior to explain it, which smoothly transitioned into the Great Depression, making it a viable option. Not all historians stopped there however, and dug further, fully analyzing and discovering less obvious factors that could have catalyzed the Great Depression. Such factors besides the Stock Market Crash that may have prompted the Great Depression were difficulties in wage adjustment, the overall failure of banks and monetary policies, and the Smoot-Hawley tariff controversy.