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Essay on US debt
Essay on US debt
Discuss the negative impacts of social class
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Diane, when you said, “but we are tied down by lack of knowledge, debt, high bills, low wages, cost of education, taxes, and laws.” I found this to be quite intriguing because I too feel that the top 1% needs to be tied down, just like all of us are by these atrocities we call normal American life, such as debt, and bills. I don’t know about you, but I wasn’t taught to be tied down in anyway, albeit if we feel the need to restrain the wealthy because of the money they control, it is only right to have some important factors sacrificed by the lower-to-middle classes as well. Money is very dangerous and I for one can make the claim that a lot of us wouldn’t be here if we had all the money that we wanted. I would probably just end up hurting myself
Stiglitz in his article “Of the 1%, by the 1%, for the 1%,” “In terms of wealth rather than income, the top 1 percent control 40 percent” (746). But hold on. What does that mean for the bottom 25% of Americans that Ehrenreich was working with? Looking at taxes, starting somewhere around 1998 the top 1% was having to pay more in taxes than the bottom 90% (Holmes). This means that the approximately three million top 1% make more money each year than the bottom 270 million. With numbers like those how can we think only 15.8% of the country is in poverty? Also, how can we expect the lowest wage earners of the 90% to survive without help? In reality we can’t. Look at the millions of homeless and hungry in this country. However, there are exceptions to
By using the points listed previously, it is evident that a small portion of the population control what policies are implement in America and hold most of the nation’s wealth. I believe this two factors, the wealth one possesses and the amount of control an individual has, are interconnected. America has become a nation where money can get you anyway because it significantly increases the amount of opportunities available to the individual. Many people can attest to the presence of this class, including individuals from Kansas City who participated in a cross-section study with detailed interviews. The citizens of Kansas City referred to these people as “big rich” or “blue bloods” (pg
With each class comes a certain level in financial standing, the lower class having the lowest income and the upper class having the highest income. According to Mantsios’ “Class in America” the wealthiest one percent of the American population hold thirty-four percent of the total national wealth and while this is going on nearly thirty-seven million Americans across the nation live in unrelenting poverty (Mantsios 284-6). There is a clear difference in the way that these two groups of people live, one is extreme poverty and the other extremely
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
My dad and I go hunting every weekend during deer season which is from mid of Novmber to the first of Janurary.We go sit at 6:00am and we leave at 8:00am,but why we sit we will be wacthing birds and squirrals playing in the place we have corn they will eat it like deer does.We half to sit still were the deer can’t see us in the deer stand.When we go hunting you have to climb up in the deer stand and then sit patiertly to wait for something to come out of the woods.We look three or four different way in the stand.”My dad stated,” theres a deer.We go hunting in Pearson Georgia.When we go hunting we have to be careful because the gun could go off.It could be dangous going hunting by yourself.But if anything happen I can help him.Because we
The great wonder is how did a country as great as America have such a great gap between the haves and the have-nots. Look no further than the wonderful works of Wall Street and Washington D.C. Both of these have done perfectly fine that past few decades compared to the rest of America. Why is that? Because our government makes laws that are in favor of big banks and Wall Street. What our government is saying is that unless you were born into money, ride the coat tails of the Wall Street pigs, or work with them in order to pass these laws, you’re out of luck. Better luck next life.
Wealth inequality is a real issue that needs to be fixed. The imbalanced growth of the upper class compared to the middle class is a danger to American society as a whole. The rich becoming richer while the middle class remains the same leads to a power imbalance, with the rich using their money to run the country the way they see fit while the middle class speaks to ears that do not listen. The issue of wealth inequality needs to be fixed by raising taxes on the rich.
While the the 1%, are secured, no one is addressing the rest of the people. As the economy flourishes, housing, higher education and health care, and child care increases with it to the point where 30 percent of a person’s income goes towards housing. People are finding it impossible to purchase a house with their middle class incomes. People begin to fall out of the once stable middle class because too much is needed to be sacrificed in order to live in a stable home. In the shrinking middle class, “40% or more of the residents live below the poverty
Three weeks ago, Trump’s title elevated from GOP candidate to president-elect. Following this revelation, protests erupted and injured countless civilians and law enforcers. Even high schoolers, trapped in the wrong place at the wrong time, have been tear gassed and endangered through the protests. Yet, these protests determine nothing: on January 20th, Donald Trump will still become president. While hatred continues to simmer below the surface, protesters slowly realize that their street performances cannot ensure a better future, only a violent present. As they become discredited about the state of their country, the democrat’s anger morphs into anxiety. With a president-elect, who, in the past three weeks, has altered his platform and changed
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
Well, a place where to live is essential for everybody. Today I am going to show you a less expensive, practical and ecofriendly solution for this basic but indispensable necessity.
The United States of America is known as the nation of freedom, a place to make dreams come true, and where equal rights are followed. However, our education in history shows a different perspective. The citizens have had a complicated time convincing the mind of Congress on modifying the rights of the people. Before, women could not vote to choose the future of America, yet after many marches, the women who rose up to speak with great fervor accomplished their goal of making it possible for women to vote. The Presidential Election is a time for people to vote for the leader of the country. As I turn 18 yrs old, I have the opportunity to vote for this country’s future. What led me to the desire of voting was hearing Donald Trump’s negative
America’s upper class has been getting richer since the past three decades, and we have still not found a way to stop this. We have been unable to find a way to distribute America’s wealth equally, so we can have a decent lower class and a good middle class. Inequality has caused many people to struggle in various ways, but their is alway another side to the story.
Krugman challenges us to think about one question, “Why should we care about high and rising inequality?” (Krugman, 586) Some of the reasons inequality is a problem is the standards of living and the lack of progress in the economy for the middle and lower class families (Krugman, 586). These show that the distribution of wealth in the United States is not equal at all. There is also the damage that the inequality does to the society and the government. Thomas Jefferson once said, “The small landholders are the most precious part of a state.” Today that would mean that the middle class is the most important part of our society, however, the farther we move into the future the weaker the middle class becomes (Krugman, 587). The America that we live in is both unequal in income and social aspects. The rich do not live the same lives as those that are less fortunate and the less fortunate do not get to enjoy the perks that come with lives of the rich people. The inequality does not mean that it is unfair that the majority of the population
Welcome to America. Land of the free, home of the brave. A place they call the “land of opportunity”. Or more famously touted as the “American Dream”. It seems like by just hearing these phrases all you have to do is journey to America to make your dreams come true. That life will be easier by just being in America. Like America is the ice cream man with his truck that plays that all too familiar jingle. As soon as you hear it, like a child you are out of your house pining for his attention so that he may stop and give you the cool, sweet refreshment that everyone loves. Yet, forgetting that in order to get the sweet treat you need to pay. Because, no matter how friendly, nice, or inviting he is. He still needs to work, he still needs to keep his lights on, he has mouths to feed. That ice cream is not free. There is no free lunch.