The rich get richer and the poor get poorer

Thomson Reuters in their portfolio, along with a majority stake in the Globe and Mail”; Grocery magnate Galen Weston family bringing the Weston worth to a tidy $10.4 billion and the second place on the wealthiest list. (2013, “Meet Canada 's Stinking Rich”) For the rest of people on the list, they are no doubt take charge of different domain. Biggest retail, financial service, retail, oil and gas, pharmacy, structures, utilities, etc. These tell us evidence of that power is always concentrated…

everyone. The rich people are getting richer due to the wealth they already have or inherited and resources that are ready to invest in lucrative activities or trades that are able to accumulate and could produce more rapidly new wealth. Additionally, children that were born or grown up in a rich family are more likely to attend college due to their tremendous influence and economic advantage, which may increase their chances to earn higher wages than any other social class. Whereas poor people…

We’ve all been told “money can’t buy happiness”, but with new things being up for sale like the right to skip a line or use the HOV lane, it is becoming quite clear that it can. This raises one question: should it? What Money Can’t Buy by Michael Sandel argues that the market triumphalism of the 1980s and 1990s spread market economics into places it didn 't belong, resulting in a demoralization of many goods and services. For decades, lines were the “great equalizer” of man. Regardless of how…

“The truth about GLOBALIZATION” While there are many benefits to a globalized world, there are also corresponding disadvantages. For instance, rich global companies open up factories in Mexico, hiring local workers. While this might seem like a positive, these workers are not paid a fair amount. In addition, these companies cause extreme pollution in the air. The Mexican government should protect its people and environment from these global powers. However, the corruption within the government…

Why is college enrollment dropping? A higher education has become a need in the 21’st century, but the middle and lower class population cannot afford it. One or the big reason for college enrollment dropping is the expensive tuition for colleges. Public colleges should be free because the more educated population is needed for the country, less criminals, and less budget for welfare benefits. More educated population means fast prosperity for the country. Almost 41 percent of students who…

majority of the townspeople, even some of the richer citizens, dined in the Great Hall after being seated appropriately by their wealth (Burton 137). The standard drink was ale, a much safer alternative to their hazardous water (Sharnette). There was especially delight in pastries and other sweet delicacies, including tarts, custard, cakes, and numerous other desserts (Sharnette). Overall, the three main components of a meal were bread, beer, and beef (Burton…

food but it also gets rougher on them with the Socs always looking for fights. The Greasers are poor and they live in the hood and have gangs and like to get into fights. The Socs are the rich kids who live in nice houses and who hate the Greasers. The two groups always get into fights. I am on the Greasers side. I believe that they struggled more than what the Socs did. The Greasers had it hard because they were poor and the Socs were rich and they thought since they are richer they are…

a good thing, arguing it reflects freedom, fairness, and efficiency of the free market system and a meritocracy system. On the other side of the spectrum, liberals view wealth inequality as an unfair system, favoring the rich and powerful and blocking opportunity for those in poor and middle classes. Authors Cowan and Friedman argue that…

Extended Response: Economic Inequality In the 20th Century globalization has been a positive thing nationwide, but it doesn’t only have positive aspects, it also has causes and effects. As you can see globalization has two sides the good and the bad. The good side is all about the productions and opportunities open market creates. On the contrary, the bad side of globalization is also about credit, rising money that flows easily across local and national. In the first place, globalization…

violent in Rome in 15 October 2011. The protesters’ concerns such as inequality, and the fact that the rich were getting richer while the poor were getting poorer received worldwide awareness. But because the Occupy Movement were loosely connected groups with many priorities including agitators who fought with police and smashed properties, the movement did not get specific results from the rich 1% or governments and it finally…