Horsey’s veracious depiction of the distribution of U.S. wealth constructs a dismal, eye-opening reality as he portrays the uneven proportions of slices that is the U.S. wealth given to the rich, the middle class, and the poor and the added whipped cream called tax cuts presented to the affluent. In his political cartoon, reasonably named “ Dessert, American Style,” he paints the image of an elephant, who represents the Republicans, offering further tax cuts to the wealthy who already have a substantial portion of the U.S. wealth. While the rich are served the majority of the pie, the middle class only receives a single slice and the poor are given mere crumbs. This illustrates how the GOP favors the rich by giving them tax cuts while offering
Madeleine Thien’s “Simple Recipes” is a story of an immigrant family and their struggles to assimilate to a new culture. The story follows a father and daughter who prepare Malaysian food, with Malaysian customs in their Canadian home. While the father and daughter work at home, the mother and son do otherwise outside the home, assimilating themselves into Canadian culture. The story culminates in a violent beating to the son by his father with a bamboo stick, an Asian tool. The violent episode served as an attempt by the father to beat the culture back into him: “The bamboo drops silently. It rips the skin on my brothers back” (333) Violence plays a key role in the family dynamic and effects each and every character presented in the story
Leading up to the year 1981, America had fallen into a period of “stagflation”, a portmanteau for ‘stagnant economy’ and ‘high inflation’. Characterized by high taxes, high unemployment, high interest rates, and low national spirit, America needed to look to something other than Keynesian economics to pull itself out of this low. During the election of 1980, Ronald Reagan’s campaign focused on a new stream of economic policy. His objective was to turn the economy into “a healthy, vigorous, growing economy [which would provide] equal opportunities for all Americans, with no barriers born of bigotry or discrimination.” Reagan’s policy, later known as ‘Reaganomics’, entailed a four-point plan which cut taxes, reduced government spending, created anti-inflationary policy, and deregulated certain products. Though ‘Reaganomics’ was successful both at controlling “stagflation” and promoting economic growth, it has and always will be an extremely controversial topic regarding the redistribution of wealth.
Many argue that Reagan “enacted irresponsible tax giveaways for the rich…[starving] the federal government of revenue [which] led to unprecedented deficits.” There is no doubt that “today’s budget deficits [can] impoverish our descendants.”1
Smith, Noah. “How to Fix America's Wealth Inequality: Teach Americans to Be Cheap.” The Atlantic. Atlantic Pub., 12 March 2013. Web. 06 April 2014. .
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
... warn them about their future in the financial market. Even though Miller wrote this novel in 1991 about the trends of the 1980s, the graphic novel is still current today. In fact the distribution is even more skewed then it was 20 years ago. “As of 2007, the top 1% of households (the upper class) owned 34.6% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 50.5%, which means that just 20% of the people owned a remarkable 85%, leaving only 15% of the wealth for the bottom 80% (wage and salary workers)” (Domhoff). This data shows that we should be extremely worried about the trend of the distribution of wealth in the United States. A more equal distribution is healthy for average citizens because it allows us to thrive in an environment which gives us more opportunities to move up in the economical society.
New Nationalism focused on eradicating economic inequality. In 2007, the top 1 percent of Americans owned 23.5 percent of the nation’s wealth (Pear, 2011). This problem has increased, not gone away, since Roosevelt addressed it in 1910. Unfairness in the tax code has become a prominent topic of political discussion. President Obama called for alterations to the U.S. tax system, which allows millionaires to pay lower rates than middle-class workers like teachers and firefighters, in his 2012 State of the Union address (“Remarks of President Barack Obama – As prepared for delivery State of the Union Address,” 2012.). In December, the president traveled to Osawatomie to speak. He echoed Roosevelt’s New Nationalism, saying he believes “this country succeeds when everyone gets a fair shot, when everyone does their fair share” (Fox, 2011). Although he spoke in Os...
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.
In the October 10, 2011 issue of Time, there is a feature called “The Great American Divide” that reports on money: who has it, who is spending it on what, and how as a country Americans feel about it. This feature also reports something troubling, how the gap between rich and poor is once again growing wide (Sachs, 2011). Shifts in spending, shifts in money control, and a struggle with how to deal with the great money crisis America and Europe face are all discussed in this feature. This feature pulls together how GDP, unemployment rates, consumer consumption, and pricing affect this era of volatility and the shrinking middle class (Foroohar, 2011). This feature also reflects on inflation, economic growth, political stability in emerging markets and taxes play in as well. The answer to solving this imbalance of wealth and the struggling economy may be found by government action, but will it be too late?
Reich, Robert B. “Why the Rich Are Getting Richer and the Poor, Poorer.” A World of Ideas:
Divisions within the social stratum is a characteristic of societies in various cultures and has been present throughout history. During the middle ages, the medieval feudal system prevailed, characterized by kings and queens reigning over the peasantry. Similarly, in today’s society, corporate feudalism, otherwise known as Capitalism, consists of wealthy elites dominating over the working poor. Class divisions became most evident during America’s Gilded Age and Progressive era, a period in time in which the rich became richer via exploitation of the fruits of labor that the poor persistently toiled to earn. As a result, many Americans grew compelled to ask the question on everyone’s mind: what do the rich owe the poor? According to wealthy
Inequality exist and is high in America because the amount of income and wealth that is distributed through power. In America the income distribution is very inequality and the value of a person wealth is based on their income with their debts subtracted. “As of 2007, the top 1% of households (the upper class) owned 34.6% of all privately held wealth, and the 19% (the managerial, professional, and small business stratum) had 50.5%, which means that just 20% of the people owned a remarkable 85%, leaving only 15% of the wealth for the bottom 80% (wage and salary workers)” (Domhoff, 2011). In contrary the poor do not get ahead and the rich get more. Americans are judged and placed in class categories through their home ownership which translates to wealth. Americans social class is often associated with their assets and wealth. “People seek to own property, to have high incomes, to have interesting and safe jobs, to enjoy the finest in travel and leisure, and to live long and healthy lives” (Domhoff, 2011). Power indicates how these “values” are not distributed equally in American society. Huge gains for the rich include cuts in capital gains and dividends and when tax rates decrease for the tiny percent of Americans income is redistributed. Taxes directly affect the wealth and income of Americans every year.
John Oliver points out the controversial topics that affect the economy of United States of America. He discusses the huge gap between the rich and poor. Oliver pays great attention to how media fails to inform the audience about the actual facts of the gap between the fortunate and the unfortunate. Moreover, he talks about the federal estate tax. He explains that most American gain properties from inheritance. 42% of total wealth in America is held by 1% wealthiest families. Inheritance plays an important role in the concentration of wealth and it accounts for 40% of all household wealth which is very concentrated at the top. Even though in 2015, the tax in this country was set to annul, this action could not have pushed
Tax cuts are only benefiting the richest people, and will widen the inequality gap between the rich and the poor. A recent report from the Congressional Research Service states, “as the top tax rates a...
American culture is changing dramatically. In some areas it’s a good thing, but in other areas, like our food culture, it can have negative affects. It is almost as if our eating habits are devolving, from a moral and traditional point of view. The great America, the land of the free and brave. The land of great things and being successful, “living the good life.” These attributes highlight some irony, especially in our food culture. Is the American food culture successful? Does it coincide with “good living”? What about fast and processed foods? These industries are flourishing today, making record sales all over the globe. People keep going back for more, time after time. Why? The answer is interestingly simple. Time, or in other words, efficiency. As people are so caught up in their jobs, schooling, sports, or whatever it may be, the fast/processed food industries are rapidly taking over the American food culture, giving people the choice of hot