The rich get richer and the poor get poorer

Is the popular saying “the rich get richer and the poor get poorer” really true? In the America, also known as the land of opportunity, there are infinite ways for a person to become successful. Here, you can come into this world into poverty and leave with riches and vise versa. In America, people of any status have the same opportunities to make it big and live a life that has been always been dreamt of. This is what we are forced to believe and convince ourselves in order to keep society in order. The rich do get richer and the poor do get poorer and it is causing problems in our country. As stated by Gawain Kripke, he believes that "no one credible will say this is good for the world or good for the economy" (Peck, “62 Richest People On Earth”). I’m…

activity. “ Between 1984 and 1992 the average salary in the informal sector grew by 10%, while in the formal sector the increase was only 3%.”(Rubio 805-816) In a greater sense, the growth of the Colombian economy is powered informal sector. Consequently, the elite, upper class and upper middle class are the main bodies behind this growth. Therefore, the poorer part of the community is left with scarce resources, uneducated and exploited. The greatest challenge, as a result, is security brought…

concept of income inequality. Income inequality is the concept that the rich get richer and the poor get poorer, and polarization is created from policies that cause that concept to only increase. Duca puts his hypothesis to test by comparing house polarization (Congress) to income inequality trends. “Using time series techniques, we find that this uptrend largely has a stronger statistical link to greater media fragmentation than to income inequality.” The second and more strongly correlated to…

“Here’s the Real Face of Poverty,” is a article written by Leonard Pitts, a commentator. Pitts argues against how Republicans view what is poverty and what being poor really looks and feels like in today’s society. Pitts also discusses the hypocrisy with Republicans as well. In today’s world, poverty is known to be people who are on welfare and foodstamps and feed off the government assistance. On T.V you see them living in broken homes and if you are lucky, you might just see them with both…

Where does all the Money go? (An examination of the differences between the rich and poor discussed in Reich’s work) Money, money, money, it seems to be the only thing on the minds or Americans. We hear about it in songs, read about it in magazines, and even see it on television. It’s one of the top issues that Americans discuss. It not only is publicized everywhere, but it deals with the personal lives of all Americans. Some people say that money isn’t really all that important, but they…

education a person obtains is impacted heavily now on where the person lives; minority groups tend to live in ghettos and poorer areas. Without a proper education, it is very hard for a person to move up the social ladder if they wish to. The problem is not only with moving up the social ladder, but…

out food. Certain countries may sometimes help their allies get back on their feet. Poorer countries will always beg and rely on the rich countries just because they helped them once. Richer countries don’t have to support poorer countries because they are having wars of there on. The poorest countries will always rely on the rich countries and usually the poorer countries are poor for a reason. Russian Federation stretches across two continents, Europe and Asia. It is the largest country in the…

lazy, they work so hard in order to get out their situation and live a good life. If poverty is painful, why do we have a high rate of poverty? The poor people deserve to also have something to depend on, besides what is the difference between the poor and rich? Everyone is still a human being, whether poor or rich, so why are the poor getting poorer and the rich are getting richer? It is because of the society we live in today, the rich are getting richer because they believe that poverty is…

the social difficulties. The increasing disparity between the wealthy and poor is a critical issue, and it severely impedes economic development. The number of poor people will increase, and the poor will become even poorer as the wealth gap widens. Moreover, the poor do not have enough money…

their country as a whole. A communist country is going to have different rules and procedures in a work place than a capitalist country. “One should add that labour is not the only source of material wealth. We also receive the proceeds of nature as a free gift, which also contributes to the wealth of society.” (Postone) Karl Marx lived in communist Germany and had many views concerning labor in his book The Communist Manifesto. Robert Reich, American born, also had strong economic views in his…