After watching the video, "Wealth Inequality in America", published by Politizane, I was surprised when finding out that only the top one percent of America has 40 percent of all the nation's wealth. It was also surprising to discover that the top one percent owns half the country's stocks, bonds, and mutual bonds, while the bottom 50 percent of Americans own only half a percent of these investments. One of the notions I had that was challenged by the video was the amount of money the wealthy actually have compared to the rest of the classes. I was aware that wealth mostly distributed to the wealthy class, but I never imagined that the division between the wealthy class and the rest of the classes would be so huge. Its incredible that the CEO's…
They spend money modestly and avoid buying a pair of shoes that cost $500 even though they can afford them. Millionaires become “millionaires” because of budgeting and controlling expenses, and they maintain their affluent status the same…
Children who are born into upper-class families are given the opportunity of going to the best schools and getting the best tutors. During school they don’t have to worry about having an after school job or figure out how they are going to balance work and school. They are free to concentrate on getting a good education. They also have the means to continue their education at the top universities. During their school years they also have the ability to make good contacts for future well-paying jobs that will help keep their family in the upper-class. A good example of this is the American profile of Harold S. Browning. Browning was the child of an upper-class family in Manhattan, New York. He attended private schools that were known for providing the finest education. He had tutors in both French and mathematics. During high school he attended a preparatory school. The school was very prestigious and his “classmates included the sons of ambassadors, doctors, attorneys, television personalities, and well-known business leaders” (703). He then went on to an Ivy League college and majored in economics and political science. Today he is an executive vice president of SmithBond and Co. He has an annual salary of $315,000, a professionally decorated condominium on Manhattan’s Upper West Side, and a farm in northwest Connecticut which he uses for weekend…
Tim Blixseth kept explaining to us how most rich people he know were cocky, arrogant, stuck up or flamboyant. Tim was nothing like that; he didn’t want people to judge him accordantly to the other rich people. He strongly hated the fact that most rich people are jerks and looked down toward the middle/lower class. Money does change people a lot. I feel like if you were born with money and everything given to you, than you would be a stuck up person. But if you worked hard for your money than you know where you can from and would be cared hearted toward the lower class. Money is the root of all evil. It gives the wealthy a since of more power, makes them believe they rule us. By thinking this way, we all are going to be in trouble if they can get any more power. I believe that not all wealthy people do not have this type of attitude but most are by the way they were raised. But I believe that if you are raise your children properly and teach them the correct morals of life, then you can be a great person with the wealth.…
If you were asked what class you are in today's society, you most likely wouldn’t be able to answer. Human genetics give you a chance to use your instincts and personal characteristics to do what you want with your life. You can choose what job you do and also who you end up with. Class distinction in today’s society isn’t as different than in Brave New World as it would seem. Depending on the level of intelligence you have and what types of careers you pursue, you are classed into a certain category. For example you are either rich, middle class or poor. Rich people have jobs like doctors and lawyers. Most of them believe they are better than most people because of their job qualifications and their salary per-year. "We're finding that the super wealthy tell a story about why they have what they have. In essence, they believe they're a different kind of person, with genes more suitable to success." (DeAngelis, Tori. "Class Differences." American Psychological Association. N.p., Feb. 2015. Web. 23 Mar. 2016. http://www.apa.org/monitor/2015/02/class-differences.aspx) Just like in Brave New World, Alpha’s believe they have more quality of a gene, which they do but they take that to an advantage just like the rich in todays society. The richer take advantage of their money and power and spoil themselves rather than help others in need. The middle class and poor…
Today people show how much money they have in different ways that don't include just plain saying that they have money. They hang out with certain people and go to certain places. Some people want to change their social class. For example a poor farmer’s daughter may want to associate with the upper class rather than the lower class where she came from but to do this she would have to change “social class.” This is what Gatsby did. He was born poor and worked his way to money. He wanted this change in social class and he went for it. Some people think this is no big deal to change social class because you surround yourself with who you want to be like. I think that it is stupid to change social class. There is no point. Everyone should accept everyone no matter the social class. If they don't do this and accept you as you then why would you want to associate with them?…
In the book Money and Class in America, Lewis Lapham claims that American culture idolizes the wealthy, believing that wealth is necessarily belied by quality of character and wisdom. He gives both cross-cultural and cross-historical examples to show that other cultures and at other times the highest esteem was given not only to the wealthy, but also to the intellectual, the powerful, and the artistic individuals of those societies. In contrast Lapham discusses Americans’ idolization of the wealthy, as well as their conflation of wealth and individual merit and worth. He then questions if Americans -- a supposedly egalitarian people who are all created equal. Nonetheless, this cult of wealth still pervades, though seemingly there is nothing to cause it, as similar nations are not afflicted by such an absurd ardor.…
there. Someone with wealthier parents is more likely to become wealthy as well. “We see that…
Children raised by affluent parents have shown to be more active and successful in school and other activities they may be participating in. The children would be able to grow up and be able to do something productive in life with a really good attitude. Meanwhile, children raised by the not so affluent parents tend…
For a rich male it probable to lose a lot of ethical behavior. A rich male may believe he is superior to the rest because of his education. Some rich males may have been born rich and have gained no morals because of their lifestyle. Many rich males may easily become addicts because of their free time. The rich male may believe he makes the rules because of the way they were raised. Without a doubt males economic standpoint definitely plays a big role in their attitudes and beliefs. I encourage everyone to try to break these barriers that society has thrown on us and make a difference on this earth after all rich or not we all continue to be human…
1. How might people who are born into wealth compare or contrast to those who acquired their wealth overnight?…
Money and social class is such a touchy subject. Then again everyone loves it. People that don’t have it will do anything for it, and people that have it will do everything to keep it. Money is a drug in a way. People feign for it just like a drug attic feigns for whatever drug they are addicted to. Therefore the question of what is the difference between the rich, and middle class, and the poor? What are the causes of the increasing gap between the rich and the poor today? Why is money so important? There are so many other questions that come to mind. The interesting thing is they all have different answers but somehow they all seem to result in the same thing.…
Further, their money is for entertainment and to entertain others. They sometimes create and accomplish short term outcomes for immediate gratification. People become their possession, on the other hand, in middle and upper class, they focus on material security. The middle class plans for the future and the wealth plans for the future and involved themselves into politics.…
Rich and wealthy are all based on personal opinions. The average person does not desire to be rich, they just want enough money to live on, and maybe a little more for extras. For the average person, extras include vacations, newer cars, and newer phones. Another question to help answer the big question is, Do people need money to be happy in life?. Many people would say yes and argue that people can buy the things that make them happy. The other side might argue that the things that make people happiest cannot be bought. Such as love, family, and good health. If everyone can find what makes them happy in life, then that should help direct them to their American…
Being popular and rich in “America Today” is defined as being successful. I don’t agree with this assumption but it’s acceptable in American culture. With fame and fortune you supposedly are happy and with the success of accumulating money you are truly happy. According to CNBC Reporter, Robert Frank, “Surveys show that among Americans, most say they need $1 million or more to feel wealthy”. Americans connect money with happiness. But it has been proven that money cannot guarantee one’s life will be filled with…