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On January 19, 2016, Julie Delahanty published an article called “Billionaires on the Bus: Income Inequality and the Future of Poverty”. Julie Delahanty is an executive director of Oxfam Canada. The article is based on the Oxfam Briefing Paper, titled “the Richest 62 people as An Economy for the 1%”. The article explains that inequality is an important crisis that needs to be addressed, as it promotes cohesion and growth in all facets of the population and economy.
Unfortunately, the article’s eye-catching title is a reality in Canada. The wealth gap between the rich and poor is continually increasing. The number of billionaires in the world is so small that they can fit in a single school bus. Sixty-two people now own as much wealth as half the world’s population. The article explained the sad reality of inequality in the United States. It sheds light that the wealth of the poorest half of the world’s population has fallen by a trillion US dollars in just five years, while the wealth of the richest 62 people on the planet just kept growing. The article emphasizes that to truly tackle inequality and address extreme poverty several actions must be taken. These must include working with global leaders to end the era of tax havens, supporting women’s rights organizations and helping developing countries provide universal
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Moreover, the rich are getting richer while the poor are simply getting poorer. Regardless of the fact that Goldman 's article is two years old, it confirms and supports Oxfam’s article. These articles similarly express the need and objective of working and co-operating between and across organizations. This will result in a healthy and functioning economy and eventually serve to decrease the wealth gap, thus ensuring
Elizabeth Fernea entered El Nahra, Iraq as an innocent bystander. However, through her stay in the small Muslim village, she gained cultural insight to be passed on about not only El Nahra, but all foreign culture. As Fernea entered the village, she was viewed with a critical eye, ?It seemed to me that many times the women were talking about me, and not in a particularly friendly manner'; (70). The women of El Nahra could not understand why she was not with her entire family, and just her husband Bob. The women did not recognize her American lifestyle as proper. Conversely, BJ, as named by the village, and Bob did not view the El Nahra lifestyle as particularly proper either. They were viewing each other through their own cultural lenses. However, through their constant interaction, both sides began to recognize some benefits each culture possessed. It takes time, immersed in a particular community to understand the cultural ethos and eventually the community as a whole. Through Elizabeth Fernea?s ethnography on Iraq?s El Nahra village, we learn that all cultures have unique and equally important aspects.
After a basketball game, four kids, Andrew Jackson, Tyrone Mills, Robert Washington and B.J. Carson, celebrate a win by going out drinking and driving. Andrew lost control of his car and crashed into a retaining wall on I-75. Andy, Tyrone, and B.J. escaped from the four-door Chevy right after the accident. Teen basketball star and Hazelwood high team captain was sitting in the passenger's side with his feet on the dashboard. When the crash happened, his feet went through the windshield and he was unable to escape. The gas tank then exploded and burned Robbie to death while the three unharmed kids tried to save him.
Pennington, Maura. “ To Fix Income Inequality, The Have-Nots Must Become The Do-Somethings.” Forbes. Forbes Inc., 08 March 2013. Web. 06 April 2014. .
Jeffrey Reiman, author of The Rich Get Richer and the Poor Get Prison, first published his book in 1979; it is now in its sixth edition, and he has continued to revise it as he keeps up on criminal justice statistics and other trends in the system. Reiman originally wrote his book after teaching for seven years at the School of Justice (formerly the Center for the Administration of Justice), which is a multidisciplinary, criminal justice education program at American University in Washington, D.C. He drew heavily from what he had learned from his colleagues at that university. Reiman is the William Fraser McDowell Professor of Philosophy at American University, where he has taught since 1970. He has written numerous books on political philosophy, criminology, and sociology.
Inequality in Canada is a growing problem. As income rises for the rich and remains the same for the poor, a gap is forming between Canada’s highest and lowest earners. This gap has sparked outrage by some, resulting in the Occupy Movement, and apathy in others. However, it can indeed be said that in Canada “the rich are getting richer and the poor are getting poorer.”
Inside of this video, this guy really targets an issue nobody has really been presented. He shows charts that talk about how we Americans think our wealth is distributed. We think distribution is doing alright. Americans think that the bottom 40% is getting a bit of money. They also believe that the middle class is doing reasonably well. Unfortunately, that is not the case. In the video, he breaks it down a little bit getter. He shows a graph that shows how money is actually being distributed. The poorest of poor don 't even register on the poverty line. The middle class is barely making it. And then there is this huge difference between "the rich" and the poor. It is proven that the 1% of America has 40% of the entire nation 's wealth ("Wealth Inequality in America."). The bottom 80% of America only share 7% of the nation 's wealth among themselves. The top 1% has 50% of the stocks, bonds, and mutual funds. The bottom 50% of Americans only own 0.5% ("Wealth Inequality in America."). The poor is not just getting by but they are scraping and fighting to get by. Now that it is clear that there is a lot of poor people in America, it is important to figure out how to fix
The Millionaire Next Door written by William Danko and Thomas J. Stanley illustrates the misconception of high luxury spenders in wealthy neighborhoods are considered wealthy. This clarifies that American’s who drive expensive cars, and live in lavish homes are not millionaires and financially independent. The authors show the typical millionaire are one that is frugal, and disciplined. Their cars are used, and their suits were purchased at a discount. As we read the book from cover to cover are misconceptions start to fade. The typical millionaire is very frugal in all endeavors and finds the best discounts possible. A budget is implemented daily, monthly, and annually for a typical millionaire. They live by the budget and are goal oriented. Living well below their means is crucial for a millionaire, and discovering ways to allocate time and money more efficiently. The typical millionaire next door is different than the majority of America presumes. Let’s first off mention what it is not. The typical millionaire is surprisingly not the individual with the lavish house worth a million dollars, owning multiple expensive cars, a boat, expensive clothes, and ultimately living lavishly. The individual is frugal and often looks for discounts for consumable goods. The book illustrates the typical millionaire in one simple word: frugal. It is shocking to believe that this is true, but it does make sense. To achieve financial independence is inherently more satisfying and important than accumulating wealth. According to the book the majority of these millionaires portray characteristics of being sacrificial, disciplined, persistent and frugal. In the book it states, “Being frugal is the cornerstone of wealth-building. Yet far too often th...
The comparison between rich and poor people is a topic with an enormous gap. The bridge between the two is longer than most see it, and is increasing steadily. Michael Sandel wrote a book discussing his opposition to the market society in the United States. The focus of Sandel’s book lies within the title, What Money Can’t Buy. He believes that everything seems to be for sale and that we are a society that revolves around the idea of every person for themselves. Sandel also states that inequality is rising faster than ever. Even though everything is for sale in this day and age, that does not mean everyone is able to purchase whatever they want. Inequality comes in many forms like race, gender and age. Income inequality affects people the most in a market society. Some families are at a disadvantage just because they have more mouths to feed, which creates issues in providing basic needs to your family.
The video, “Why Capitalism Needs Poverty”, tells us that extreme poverty is slowly being stopped but all while the inequality of wealthy is increasing. In the video, Redi Tlhabi, from South2North asks the listeners
Hart Research Associates, 2010. Reich, Robert. “Why the Rich Are Getting Richer and the Poor Poorer.” The Work of Nations.
In “Astonishing Numbers: America’s Poor Lives Better Than Most of The Rest of Humanity,” Tim Worstall explores the data from several places that compares America’s poor to the rest of the world. Many people complain that because of the income difference of America’s poor and rich, something needs to be done. Mr. Worstall on the other hand shows that America’s poor are actually better off than some countries richest people.
The short story, "The Rich Brother," by Tobias Wolff represents the same concept that everyday people all over the world encounter. This portrays how having siblings can be an enormous part of a persons life. The rivalry between siblings is often very competitive, but at the same time similar to magnets. When they are not connected it may seem they are independent and whole, but when examined closely it is obvious they are really relying on each other to function properly. Although Pete and Donald's life are separate and completely different, they are in fact very dependent on each other.
“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.
"How income inequality hurts every Canadian's chance of building a better lifeAdd to ...." The Globe and Mail. N.p., n.d. Web. 23 Jan. 2014. .
Wealth inequality is the uneven distribution of resources in a given state or population, which can also be called the wealth gap. The sum of one’s total assets excluding the liabilities equates the person’s wealth also known as the net worth. Investments, residents, cash, real estates and everything owned by an individual are their assets.In reality, the United States is among the richest countries in the world, though a few people creating a major gap between the richest, the middle class and the poor control most of its wealth. For more than a quarter of a century, only the rich American families have shown an increase to their net worth.Thisis a worrying fact for the less fortunate in the country and calls for assessment (Baranoff, 2015).