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Growing Gap Between the Rich and the Poor, 2004.
An analysis of the differences between and the causes of the have's and the have not's in the U.S. economy
1,141 words (approx. 4.6 pages), 3 sources, APA, AU$ 57.95
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Abstract
This paper explains that the income gap is increasing because of several factors: The greater demand for more highly-skilled workers, the increasing number of single parent families and the growing number of immigrants. It discusses how other minor factors include lack of available jobs, the declining minimum wage and declining unionization among men.
From the Paper
"In Are the Rich Cleaning Up? Cait Murphy (2000) presents a picture of the growing income gap between the rich and the poor in the United States. From the 1970's on the gap has been growing steadily, with the rich controlling a greater percentage of the total wealth. Murphy (2000) looks to the Center on Budget and Policy Priorities to estimate just how large the income gap has grown over the past 30 years. He says the cash earnings of the poorest fifth of the U.S. population fell about 9%, middle-class earnings rose 8%, and upper-income earnings, 43%. When these figures are adjusted for population differences, taxes, Medicare and Medicaid, and income not in the form of wages, the bottom fifth of the population takes in 9.4% of national income, and the top fifth takes in 39.6%."
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Inequality and the Rich-Poor Divide, 2006.
This article discusses if there is inequality between the rich and poor, and if there is, how intense it is.
1,321 words (approx. 5.3 pages), 6 sources, APA, AU$ 64.95
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Abstract
Are the rich getting richer and the poor getting poorer? The author brings a variety of articles that discuss the concept of inequality and how serious it really is. One article shows how income and wealth are not the same thing, another shows how rich and poor groups keep on changing, yet another discusses whether inequality is actually a problem, and finally an article defining the poverty gap as both income and asset poverty. There are differing views on what inequality consists of and what is problematic or just a product of the natural economy. The author concludes with these unresolved arguments and shows how complex the situation is.
From the Paper
"An article published in the Multinational Monitor titled "The Wealth Divide: The Growing Gap in the United States Between the Rich and the Rest" presents an interview with Edward Wolff, a professor of economics at New York University. The article provides information on the wealth gap in the United States, starting by noting that there is a difference between wealth and income. Wolff describes how wealth refers to the things that people own, including a home, real estate, shares, general belongings, and savings. One of the important things about wealth is that it determines how much income a person needs. For example, a person who owns their home outright and does not have a mortgage will be better off than a person who does not own their home, even if the two individuals have the same level of income. The other important point about wealth is that it provides a measure of security when individuals are unable to produce income for any reason. Wolff also describes trends and statistics regarding wealth in the article. These statistics include that in 1998, the richest one percent of households had 38 percent of all wealth and that the gap between the most wealthy and the least wealthy becomes constantly larger. This shows the extent of the inequality that exists in regards to wealth. It also shows how the wealthiest people make up only a small amount of the total population, yet have over one-third of the wealth. This shows that inequality does not exist only in regards to income, but is equally concerning in regards to the distribution of wealth."
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"Rich Media, Poor Democracy", 2003.
Analysis of Robert McChesney's book "Rich Media, Poor Democracy".
690 words (approx. 2.8 pages), 1 source, APA, AU$ 34.95
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Abstract
An analysis of Robert McChesney's book "Rich Media, Poor Democracy". The paper examines the author's major ideas and his combination of historical with contemporary media environment. The paper looks at the main argument that structural media reform is vital to preserve democracy.
From the Paper
In Rich Media Poor Democracy Robert W McChesney argues that the media including the Internet serve the interests of corporate profit rather than the public interest. The result of the concentrated corporate power that McChesney details is the weakening of ..."
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Aristotle's Perceptions on the Rich and the Poor, 2002.
Explores the theories of Aristotle in respect to his perceptions of the divide between the rich and the poor and how this distinction impacts society.
2,400 words (approx. 9.6 pages), 4 sources, AU$ 129.95
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Abstract
Aristotle strongly believes that neither the rich nor the poor are equipped for promoting a functional and balanced social environment due mainly to their lack of moral character. In order to circumvent this problem, it is necessary to ensure that the middle classes are empowered in terms of political structure, where the middle class does indeed have the knowledge of virtue that is essential for the forward- thinking society. There is an emphasis on the essay "Polis" from Aristotle's work Politics.
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"The Rich Get Richer and the Poor Get Prison", 2002.
An analysis of the book "The Rich Get Richer and the Poor Get Prison" by Jeffrey Reiman.
1,387 words (approx. 5.5 pages), 1 source, MLA, AU$ 67.95
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Abstract
This paper briefly examines Reiman's book which keeps up on criminal justice statistics and other trends in the system. The thesis of the book is that the goal of the American criminal justice system is not to eliminate crime or even to achieve justice but to project to the people an image of the idea that the threat of crime is a threat from the poor. The system must therefore maintain a large population of poor criminals, and to this end, it must not eliminate the crime that poor people commit or even reduce the number of those crimes to any great extent.
From the Paper
"In the chapter "Crime Control in America," Reiman suggests that the system has been designed to fail. Imprisoning drug offenders, for instance, does nothing to reduce the number of rug offenders in society because they are immediately replaced. The decline in violent crime is more attributable to demographic changes than to enforcement efforts. Most of the decline in crime of all sorts takes place because of forces beyond the control of the criminal justice systems. Reiman also says we could reduce crime if we wanted to do so and that four excuses given are not really answers to the problem at all but merely excuses to explain why the system fails. We know the causes of crime--poverty, prisons, and drugs--yet we do nothing to change how these things operate, such as banning guns and decriminalizing drugs."
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"The Rich Get Richer and the Poor Get Prison", 2006.
Provides a book report of Jeffrey H Reiman' s text.
1,150 words (approx. 4.6 pages), 1 source, APA, AU$ 57.95
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Abstract
This paper provides a book report of Jeffrey H. Reiman's "The Rich Get Richer and the Poor Get Prison", a work in which he argues that the criminal justice system is ineffective because it is biased in favor of those who most control it and benefit from its current anti-poor bias.
From the Paper
"Jeffrey H Reiman provides an interesting thesis as the basis of his book The Rich Get Richer and the Poor Get Prison that the rich are treated by the criminal justice system in a much less severe manner than poor ..."
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Rich and Poor, 2005.
This paper explores the highly uneven distribution of wealth in the United States.
675 words (approx. 2.7 pages), 4 sources, AU$ 38.95
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Abstract
The paper discusses the distribution and redistribution of income and wealth in the United States. The paper notes the wide disparity between rich and poor and the fact that this grew for some time, reversed slightly during the Clinton years and is now widening once more. The paper explains that various government decisions are creating a situation where the disparity is likely to persist and even increase.
From the Paper
"The gap between rich and poor in the United States is wide and the distribution of wealth in the country is highly uneven, with most of the wealth concentrated in a relatively small percentage at the top while the number of the poor increases each year. A report from 1995 notes that economic inequality had been increasing in the United States since 1970, and by 1995, the disparity in the United States was the greatest among industrialized nations. Bradsher (1995) notes that even class societies like Great Britain, a society involving large differences in income and wealth extending back centuries, had achieved greater economic equality than the United States. Bradsher also noted at the time that the push by Republicans to reduce federal welfare programs and to cut taxes would widen the distance between rich and poor."
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Rich and Poor Nation Development, 2002.
A philosophical discussion on whether rich developing nations are obligated to help poorer ones through the use of Rawls's distributive justice model.
2,650 words (approx. 10.6 pages), 5 sources, AU$ 142.95
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Abstract
This paper looks at whether or not richer states are morally obliged to assist poorer states in their efforts at economic development. Using Rawls's distributive justice model as the backbone of the paper, it is concluded that such an obligation does exist in practice, though there is no underlying compulsion for states to assist others other than in their own self interest. The study concludes by arguing that the more important question may actually be what rich states can actually do to ameliorate inequality. In the end, it seems that good intentions and deeds may not be enough to overcome the natural laws of inequality.
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Wall Street Capitalism: The Rich Get Richer and Poor Get Poorer, 2002.
This paper examines American economic policies over the past twenty years.
2,515 words (approx. 10.1 pages), 3 sources, MLA, AU$ 111.95
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Abstract
This paper takes issue with the economic policies of the past twenty years, arguing that the so-called Wall Street "wealth effect" has left more Americans impoverished and in-debt than ever before. This paper looks at the Federal Reserve, the new economy of the 1990s, and the election of Regan in 1980 to demonstrate the problems and inequalities of current economic policies. The policies that favor the wealthiest Americans are also examined and analysed in order to support the author's thesis that the current system does not benefit anybody but the wealthy.
From the Paper
"In the past ten years, the health and well-being of the American economy and its citizens has been increasingly measured by the performance of financial assets, or ?Wall Street.? If the stock and bond markets are doing well, the country must be too. If the markets are hurting and down, then a recession and pain for all of us is just around the corner. This is so, we are told by the media, because just about everyone has a piece of the capitalist market action now through their company pension plans, 401Ks, mutual funds, and individual portfolios of stocks and bonds. Main Street and Wall Street are inexorably linked in the minds of the public, and it is a fairly common view that Wall Street must be watched, protected, and supported at all costs. In March, 2001 this is more than ever extremely evident in current events, as we are now told that overall consumer confidence has moved in lockstep with the speculative NASDAQ technology index for the past year and that the weak financial markets are deepening the recession. The ?wealth effect,? both positive and negative, is an accepted apart of the economic vocabulary. The conventional wisdom has been that Alan Greenspan, through care, concern, and a hands-on management of the American economy, has brought about a period of unprecedented prosperity under this ?Wall Street Capitalism? of the 1990s. After all unemployment and inflation have both been near historic lows, while national income, national wealth, and consumer confidence (until recently) have never been higher. The economy has been neither ?too hot? or ?too cold,? and progress and economic growth both steady and stable. Further, the Federal Reserve Board, that small, independent, and apolitical group of bankers who control interest rates and manage economic growth, have been doing a superior job with the American economy."
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Rich School, Poor School, 2002.
A look at the ?Robin Hood? revenue-sharing law used to fund education in Texas.
1,382 words (approx. 5.5 pages), 6 sources, MLA, AU$ 67.95
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Abstract
This paper examines the history of school funding in the state of Texas and the attempts to fund equitable educational opportunities for all Texas children. In particular, it discusses the the ?Robin Hood? revenue-sharing law, which was signed into effect in 1993 and literally siphons funds from wealthy school districts and diverts them to poorer schools. It analyzes how the plan has been anathema to many, since it was signed into law by Ann Richards, the state's last Democratic governor, and evaluates its advantages and disadvantages.
From the Paper
"The Texas Supreme Court agreed with the plaintiffs and stated that an efficient system must provide "substantially equal access to similar revenues per pupil at similar levels of tax effort." (Hughes, 2002) Basically, this means that a poor district should be able to operate on the same revenue per pupil from a one-cent tax increase as any other district would from the same one-cent increase. So the Robin Hood plan was implemented in 1993 as a temporary measure to provide funds until a more permanent solution could be devised. The plan was never intended to be permanent, none the less, poorer schools have become accustom to the higher funding levels, and they are hesitant to consider a new plan which would mean a possible decline in income."
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Rich & Poor: Income Inequality in the United States, 1997.
Examines the sources of income & wealth inequities both historically & in the contemporary US economy.
4,500 words (approx. 18.0 pages), 8 sources, AU$ 197.95
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From the Paper
"RICH AND POOR
Income Inequality in the United States
Introduction
The rich get richer, goes the traditional saying, and the poor get poorer. This saying embodies two implicit economic assumptions. One is that the social community as a whole -- the macroeconomic world -- is characterized by income inequality, an inequality so sharp that society is divided into two groups, the rich and the poor. The other is that in the usual course of events, this income inequality tends to widen, with the gulf between rich and poor becoming ever more sharply stratified.
The saying that the rich get richer and the poor get poorer is of uncertain age and origin. It certainly goes far back in.."
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Creating More Wealth or Creating More Poverty, 2002.
This paper examines how public policy, or lack thereof, has contributed to the growing gap between the rich and poor.
1,775 words (approx. 7.1 pages), 7 sources, MLA, AU$ 83.95
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Abstract
This paper discusses the current worldwide economic gap between the rich and poor. The author examines some of the different reasons for this gap including a shrinking middle class, the exit of many production facitilites from the United States to countries with cheap labor. According to this writer, the information age has helped establish a global economy whose members do not all share the same successes, or political stability. The paper also discusses the differences between American and European economic policies and how these policies helped or hindered recovery from the economic downturn that began in the early 1990s. The author also discusses how economic inequality, government policies, or lack of them, international financial investments and policy, deregulation and privitization and abuse of free trade have have all contributed to the growing worldwide gap between the rich and poor.
From the Paper
"In America, during the Great depression of the 1930, President Roosevelt placed on the back of the one-dollar bill, an unfinished pyramid with a glowing eye at the top. The pyramid represented the economic strength and the durability of the American economy. The unfinished section represented the vast potential that could still be attained. It encouraged the American people to work harder and attain more. The bill also has two Latin inscription (Annuit Coeptis) and (Novos Ordo Seclorum). The first tells Americans that God favors their undertakings; the second prophesies a new American order of wealth. (Thurow, 1999) This indicates that no matter how much society as a whole has progressed, the fundamental measures by which man measures himself in terms of wealth and possessions have not changed from the Egyptian society of prehistoric times to the current societies. The need for man to be able to satisfy his daily needs and save some thing for a rainy day will always be a good motivator."
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Income Disparity in the United States, 2004.
Shows the gap between the very rich and the very poor in the American economy.
1,315 words (approx. 5.3 pages), 6 sources, MLA, AU$ 64.95
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Abstract
As the disparity grows between rich and poor in America, so does the inequality in the country, which threatens the very fabric of lives of its citizens. Income disparity does not allow those living in poverty to climb out and join the middle class and puts the greatest wealth, power, and privilege in the hands of a select few. This paper argues that, until this trend turns, there will always be two distinct "nations" in America, the very rich and the very poor. Using U.S. census data and information from economists and political experts, the topic of income disparity between the wealthiest and the poorest is established, discussed, and evaluated in this paper.
From the Paper
"While we are one of the richest nations on Earth, we do not share the wealth equitably, and the poor in America continue to struggle to make ends meet. These people at the lowest income levels not only lack basic necessities, such as health care and even decent housing conditions, they also drain the country's social and welfare services, for most of them simply cannot afford to live on the income they earn. As the nation's economy and tax structure changes, there are fewer resources available for these social services for the poor, and so, while the wealthy get wealthier, the poor suffer with fewer healthcare services, lower welfare payments, and a further reduced standard of living."
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The Gilded Age, 2002.
Examines the gap between the rich and the poor in America during the Gilded Age.
916 words (approx. 3.7 pages), 7 sources, APA, AU$ 47.95
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Abstract
This paper looks at the tremendous disparities between the rich and the poor during the Gilded Age in America. It does this by comparing the conditions and meager incomes of the masses to those of the well-known, wealthy men of that era: Jay Gould, the Vanderbilts, the Rockefellers.
From the Paper
"One good way to get an idea of just how terrible the conditions were and how meager incomes were for the masses is to compare their fate with the grand estates of the rich. George Vanderbilt, son of Cornelius Vanderbilt, founder of a railroad empire, built himself a 250-room ?home? on 8,000 acres in the Blue Ridge Mountains of North Carolina (Biltmore Estate Web site, ?Visit Biltmore Estate?). Today, the ?Biltmore Estate? chateau is a gleaming monument to the opulence of the Gilded Age ? still featuring the priceless artifacts and paintings that the Vanderbilt family had stocked it with. Compared with the poverty and squalor that residents of New York tenement houses had to endure, it could be said that the Vanderbilts ? and people like Jay Gould, and other ?robber barons? ? lived in heaven, and New York City tenement dwellers lived in hell."
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Poverty & Welfare, 1996.
Successes & failures of anti-poverty & welfare programs, demographics, gap between rich & poor, education & employment, future.
1,350 words (approx. 5.4 pages), 5 sources, AU$ 69.95
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From the Paper
"Despite decades of social welfare programs, the federal government has largely failed in its War on Poverty. The failure of these programs has created a social deficit in which impoverished individuals are caught up in a dependency cycle on public assistance. Demographic changes, such as the high rate of teenaged pregnancy, have simultaneously contributed to the increase in the poor population in America and created a feminization of poverty.
Federal social welfare programs are designed to aid those individuals whose incomes fall below the poverty line. An estimated 30 million Americans live in poverty (Ford, 1989, p. 1). Federal programs have succeeded in contributing to a decrease in the number of elderly poor. Before President Johnson's War on Poverty in the 1960s, almost 30 percent of the..."
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Greatest Danger Facing the Global Community, 2006.
Argues that the rich-poor gap is the greatest danger facing the global community in the twenty-first century.
2,250 words (approx. 9.0 pages), 10 sources, AU$ 129.95
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Abstract
As we enter the last half of the first decade of the twenty-first century academics are still trying to determine what threat constitutes the greatest danger to the global community Some individuals believe that terrorism with the massive loss of human life that can attend it and the chilling effect it can have on civil liberties and on the willingness of people to engage in honest debate is the greatest threat the international order will confront. Others believe that overpopulation may constitute the greatest threat over straining our fragile ability to provide for all our citizens especially those reared in poor nations. This paper argues that it is the gap between the rich and the poor that presents the greatest threat to the global community.
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