Wealth condensation

people believe that America is a nation of constant upward mobility with success rooted solely in hard work and perseverance. Poverty and the wealth gap is hidden very well and done so purposely so that people cannot overturn the institutionalized advantages for the wealthy benefiters of the current system. Being reinforced generation after generation, wealth becomes accumulated amongst the same group of people. Therefore, a person’s starting point is predetermined by one’s family background and…

Does this verse suggest that all who are wealthy are incapable of getting into heaven? It is evident that it would be impossible for a camel to fit through the eye of a needle, therefore infering that it is ultimatly impossible for a rich man to enter the kingdom of God. If He loves all of his children and desires all to be saved, why does He give some a great deal of riches if it will ban them entry into heaven? Does this mean that Abram, whom God was fond of and promised to bless, did not make…

This is a very interesting article and touches on a range topics, from the deliberate undervaluing the arts (and those who profit from it), the happy acceptance of middle class entitlement and the economic costs of controlling rights. So let’s break it down a little. Mankiw says it is a good thing that he can purchase Hamilton tickets for $2,500 as it shows the free market in operation. Price controls and restrictions on re-selling would have otherwise prevented him from selling the show. He…

Wealth…. When you think of Wealth what do you envision? Many assume wealth is owning a sports car, wearing designer clothes, living in a huge house, and taking scenic vacations. However, many also assume that it’s impossible to move up in America nowadays. With crippling student loans, exploitive companies hiring unpaid interns for “work experience”, and the rising cost of living, it can seem hard to break even, much less get rich. Unfortunately, this is becoming increasingly true. My firm,…

I’m hungry. It’s a phrase that you keep on hearing. You’re a poor family you don’t have much to eat and you can hardly sleep. Day after day you work hard tireless hours just to afford enough to get to tomorrow. Then one day on your way home from work you see something sitting in the road. It’s a bag of money enough to last you the rest of your life if you keep living the same way, or enough to let you live normally for 30 years. There’s just one problem the money isn’t yours. So what are you…

As watching the clips of The Great Gatsby, there were some different classes, that were clearly treated differently depend on the wealth of a person. In the beginning of the movie, there is a scene that Nick Carraway meets Tom Buchanan at his port and ask Tom Buchanan with an admiration that if the whole field is Tom's, which shows that Tom is wealthier than Nick. Also, Myrtle Wilson, wife of George B. Wilson, have an affair with Tom because George is a poor man who owns the drug store. Along…

In the story“The Holy Supper”, Judas loved money more than everything else, and there was but one thing that would bring it now since all hope of Jesus becoming a king was past. Judas had secretly hoped that Jesus be made king, and that His disciples would be honored with riches and power, but little by little this hope had been dying, and little by little his heart had been turning away from his Master and his brethren, until, with the resolve to forsake the Lord, he opened the door of his…

Peter Singer’s theory states that the rich have a moral obligation to helping out the poor. This specific criteria is presumably stated and stressed because the rich have assets at their disposal to give to others and wouldn’t suffer financially. Coinciding with Singer’s statement that the rich are responsible, it is apparent that everyone, not just the rich, is obligated to help those in need who have the logistical means to do so. To say that our need to help the global poor is in the same…

almost 30% lived in homes valued under $300k. And 50% of millionaires lived in their home for more than 20 years. I assume they didn’t sell their ‘starter home’ because of a salary increase. They kept their living expenses the same despite the new wealth. Although some of the stats are outdated from the ‘The Millionaire Next Door’ the habits and concepts are imperative. There’s nothing wrong with being flashy but don’t let that be the only thing you live for. Nowadays, when you look on social…

Why is the World so unequal? It’s weird to think that in a time where places like the United States have so much, places like Papua New Guinea have so little. To come up with the answer you have to go back to the start, all the way back to the roots of inequality, before civilization happened. Although most people believe that inequality first started with race and religion, it really started with geography. Geography caused change in climate which determined what crops could grow in certain…