Wealth condensation

IMCOME INEQUALITY Income inequality is the disparity of the income distribution between the rich and the poor within the economy. Orton & Rowlingson, (2007) believes that income inequality is also linked to poverty, where someone or a household income falls below the national average income which is set by the government which dictates a person's status. The Gini coefficient is the most common way which is used to measure income inequality (Fernando,2007). The Gini

Everyone Knows is a classic song by renowned late songwriter and artist Leonard Cohen. It takes a highly cynical look at life over a fairly simple, disco type beat that prominently features a rambling guitar that puts flair on an otherwise simple backing accompaniment. This allows the unique vocal style and storytelling ability of Cohen to shine through as he outlines his sad outlook on life. This song has been covered hundreds of times and each new artist has put their own distinct spin on the original

For decades now, our political and economic policy have been constructed around one idea: that if taxes on the rich go up, job creation will go down. This idea has been the backbone of Republican trickle-down Reagan-economics and has been scarcely challenged by Democrats. America’s economy as well as the global economy as a whole are facing extreme income inequality and this idea has only widened the gap. Our political system has been flooded with the money of the rich through lobbyists or super

Alienation has been widely reported in the area of work by Karl Marx on the example of a worker. According to him work for the laborer is an external element that does not belong to his essence. By doing work one feels unhappy which prevents him from developing the physical and spiritual energy and causes the ruin of the spiritual and mortification of the flesh. Marx notes that work of the laborer is an external because it is not his own, does not belong to him, and the worker should not

The economy is a very fragile thing; however it can have an enormous impact on people. Americans especially are affected because they are so greedy, they always want more. Because Americans are very materialistic, they can become overly arrogant and possessive since they are used to getting their way, on account of having money. Some people are never satisfied with what they have; they are always on the lookout for more money and more possessions. Man requires food, shelter, clothing and fuel everything

The American Dream is most certainly a beautiful one. It has to do with owning your own home in a neighborhood with a good school for the kids and an expensive car in the driveway. Working at a job, that you chose, that provides enough money to realize all of your dreams . Does this sound right? This may have been true when the phrase was coined back in 1931 by James Truslow Adams, in his book The Epic of America, but is certainly not true today. The vast majority of Americans are living in

Although there was so much talk in the past eight years about how automation is going to take over the jobs, technology has not done much to impact the hours that humans have; in fact, robots taking over the jobs in the future is not a sure thing due to the lack of evidence. This is a great article because it furthered my knowledge about the topic. For example, I learned strategies people are using to help humans fight against automation. This article is about automation and how confident people

uses the mistreatment of underrepresented populations in order to demonstrate the division of the fortunate and unfortunate. Mistreatment of the poor demonstrates the division of the fortunate and unfortunate because those were fortunate inherited wealth and those who were unfortunate came from a poor family. The division of the fortunate and unfortunate is also described in the towns of West Egg and East Egg. Nick when stating where he lived said, “I lived at West Egg, the – well, the least fashionable

The Great Gatsby shows the dehumanizing nature of wealth by creating a contrast between the rich and the poor. The point of this contrast is to illustrate the class struggle that was occurring in the country when Fitzgerald wrote The Great Gatsby. The comparison between rich and poor is first developed in the beginning of the book when Tom and Nick are driving to New York. Fitzgerald further elaborates on the gross differences between rich and poor when Gatsby manages to avoid a speeding ticket

statement is most closely described by: A. Good for them – they worked hard to get their wealth B. The only problem I have with this is that this money is in their bank account and not in mine C. No problem with this – many of these people give huge amounts to charities D. I think that it is morally wrong for anyone to have that much money E. I think that active steps should be taken to correct such immoral wealth imbalances Notes: 2. “Unless fossil-fuel use slows dramatically, the earth’s