California’s geographical splendor has contributed to the state’s popularity since 1850. Yet the golden state finds itself combating the same issues for many years. California‚ with the largest population in the U.S.‚ has an economy that produces $1.8 trillion in Gross Domestic Products ever year. Despite being the desired location for business’s‚ Californias rate of unemployment and tax rates are the highest in the nation. Over the years the rich have become richer and the poor have become
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Kayla Culleton Ms. McNally Fr.LA October 20‚ 2014 “Life is a dream for the wise‚ a game for the fool‚ a comedy for the rich‚ a tragedy for the poor.” -Sholom Aleichem What is life? Life is a day to day challenge that you never seem to overcome. There is no person who has never been faced with failure or struggles no matter how strong‚ rich‚ or wise they might be. Adversity shows the true character of a human being. How we view life shows our own perspective and mindset on how we manage and deal
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The Income Break The income inequality is just the difference in the salaries of the different class of people and/or jobs. In The Rise of the Creative Class‚ Richard Florida takes a look at wages all across the U.S in order to compare and contrast wages. He does a breakdown of the 3 classes that he talks about earlier in the book and from there compare the wages. In one chart that is displayed he shows that Connecticut has the highest income but then he has another graph that shows otherwise
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In the opening minutes of the documentary Inequality for All‚ there is a clip of Jon Stewart showing how bad it really has become. The United States is below the countries like Iran‚ Cameroon and Nigeria in terms of income equality. We are ranked 64th as a nation in terms of the equality of income between the classes that the United States has. Robert Reich‚ is a professor at University of California-Berkeley and has worked for the Clinton administration as the United States Secretary of Labor; he
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What is redlining? What is gentrification? Redlining is unethical practice in which financial institutions discriminate against certain areas when deciding who can use their services. Often it is poor neighborhoods that may be racially determined as well that are refused loans‚ insurance‚ or mortgages when redlining is taking place. When an institution is practicing redlining‚ they will ignore the individual’s unique situation and qualifications because of a history of default from that area
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I found the film Inequality for All troubling. In society we know there has been an income gap between the wealthy‚ middle class‚ and people from different communities such as rural areas. However‚ it is unfortunate to see that the income gap is a greater problem than expected. People with different backgrounds and demographics have all been affected by this economic burden. A burden where they have no control over. Even the most stable middle class working stated‚ “I feel as though I am not middle
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“Money is the root of all evil.” This statement has been said for many many decades now. Money is the driving force behind everything in modern society. Man’s obsession of money and need of money has changed tremendously over the last couple of years. Whether it’s robbing banks‚ creating fraud‚ and even stealing from your own family‚ money makes people do crazy things. “Money does not care what happens to a person‚ but yet a person cares about what happens to the money.” The creation of money has
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Today’s teenagers appreciate the realistic way young people are represented in dystopian novels. The oppression the characters in the books experience is mirroring the oppression or inequality the readers face. Many dystopian novels display this sense of mirroring. The problems that the protagonists face are realistic for the readers‚ and while the books are set in the future‚ the stories are highly engaging. In an essay written by Chris Vails‚ he focuses on the MadAddam series‚ written by Margaret
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Income inequality is undoubtedly one of the largest corrosive forces toward a decent economy in the United States. Affluent Americans are getting dramatically richer while poor suffering people‚ with limited resources‚ struggle to achieve their dreams. Income inequality is defined as the extent to which income is distributed in an uneven manner. In the United States‚ income inequality has steadily ripped apart the middle class for almost 30 years. While continuously destroying a once prosperous middle
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Vickie Nguyen Assignment #3 Ch. 21 #2‚5‚7‚10 (pp.486-487) 2. Look on attached paper. 5. The major causes of income inequality are incentives and efficiency. Income inequality largely rewards to individuals for supplying their talents and resources to the economy. Proponents of income equality falsely assume that there is some fixed amount of output produced and therefore income to be distributed. In reality‚ the government takes tax and transfer process of high-income individuals and rewards
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