Income inequality is economically wrong when you compare the richest man of the country, Bill Gates, who gains over $50 billion, to a homeless person, who doesn’t make anything. Many jobs have disappeared because of technology advances, it has made the rich richer;
In 1890, America was seen by millions of immigrants across the globe as the “Land of opportunity”. The place where anyone could become rich if they worked hard enough, equity was evenly distributed to all, and all could live comfortable and enjoyable lives. While for some this dream became a reality, the vast majority of these immigrants were dirt poor, living in cramped unsanitary living conditions, and working low paying, dead end jobs to scrape by while trustees sat on millions of dollars and lived lavish lives. This period of American history is simply known as the “Gilded Age” because although it was a time of prosperity for the US economy, life wasn’t as “golden” for the vast majority of the US population as it was made out to be. This
This is flawed because in developed countries like the U.S., the government can spend however much monet they want in practicality. Trillions of dollars of debt doesn't stop America from dumping more trillions of dollars into unecessary places like the milatary, specifically in this case fighter jets. "The F-35 project has been one of the most expensive military projects in history, and will cost upwards of $1.45 trillion by the time it’s over" (Wolff-Mann, 7 Amazing Things, Time.com). U.S. military spending dwarfs the budget of the #2 country – China. For every dollar China spends on its military, the U.S. spends $2.77 (www.nationalpriorities.org).
As much as people hate to admit it, society and the world revolves around money. Whether someone wants to go to college, own a house, support a family, live luxurious etc all these things are dependent on wealth. So, knowing that the top one percent wealthiest people in the U.S owns more than the other ninety-nine percent combined is a little terrifying, and it’s partly due to the income inequality in the U.S. When there are people supporting their families on minimum wage and no one has taken action it’s time for a change. So, when it comes to the subject of wealth everyone will agree that is necessary to live.
America has massive injustice in terms of income and wealth inequality America is the wealthiest country in the history of the world We don’t know that because most money is going to the top 1% America has the most wealth and income inequality than any other developed country in the world A handful of people have incomprihensable ammounts of wealth Giant Yachts Planes Tens of Billions of dollars which is more than enough for a thousand lifetimes Millions of people struggle to find money to go to a doctor, or buy a house or even food 1 family owns more wealth than the bottom 130 million Americans People talk about Morality and Justice Theres no justice when… The top one-tenth of one percent own as much wealth as the bottom 90 percent The United
They are the ones responsible for all the money being made and it is only fair that they get a large amount of it, shouldn’t they? Others may suggest that companies such as Tesco that has total revenue of £65 billion, should also give their employees and generous amount of money, as they are at the centre of their success. The thing with Tesco is that they have over half a million employees and it would be impossible to pay each individual employee generously and also that the employees are easily replaceable, unlike footballers who have irreplaceable talents. For all the revenue that players bring to the club from football kits to winning goals, they deserve to have a good amount in the money. People compare footballers to soldiers saying “why should footballers be paid more than soldiers” but these occupations are so different they shouldn’t be compared.
Why do celebrities get off easier than normal people? Well, its because of the money. Celebrities get paid by the millions. Most of the time, celebrities get out by bail. However, those bails are set ridiculously low, considering the amount of money they have.
This novel shows the lack of social skills in newly made millionaires such as Gatsby that cannot even pick up on an invitation to lunch. This book was enjoyable to read because it set in when America was becoming an economic superpower and it was relatable in some ways. Jay Gatsby was someone that went from rags to riches which happens more often in the 21st century. Gatsby was a pioneer of coming from poverty into millions of dollars. This shows the American Dream as advertised.
Social Classes Social class is divided into six ladder rungs with the wealthiest on the top rung and poorest on the bottom rung, according to Joseph Kahl and Dennis Gilbert. This means that the wealthiest are the most powerful because they have money and the poorest or underclass has no chance of advancement up the ladder. There are truths to this picture of social class but looking at social class this way gives little hope to the parts of society that are in poverty of ever moving up the ladder (Henslin, 2014). “Today, the richest one percent of Americans earns nearly a quarter of the country’s income and control 40 percent of its wealth” (Wikibooks, 2015). People in this upper class have inherited their money from their relatives and have
Most people who come to the U.S. do not become rich but they do become more wealthy then they were in their home countries because of how poor some of the other countries are compared to America. Money is very important to almost everyone so when they hear about the American dream of coming to America and getting rich they will come and take their chances and come. Overall, the promise of earning money and becoming famous is some peoples version of the American dream. A lot of parents come to America to help their children or future children get better educations and opportunities. Many parents sacrifice their family and everything they know to come to America to start a family and make sure their children have a better life then they had and had the things their parents couldn 't get in their home country.