Tuesday, October 7, 2008

Project #2 Draft

The rich keep getting richer and the poor keep getting poorer.

The rich people is getting richer, but is the poor people really getting poorer? I'm not sure. Doesn't the poorer getting richer as well? I think we are dealing with the thing growth here. But at the same time, I think that the segregation is growing as well.
I think is a differece between different parts of the world. Some facts are pointing in that direction that the rich and wealty countries are rising their earnings while the poorer countries see no difference.

4 comments:

lisawikner said...

- What do you think of the topic?

I have been writing so short right now, so there's not so much to say about it at the moment.

lisawikner said...

- Do you think it's right that people who have got a lot money should get a lot more, while people who haven't got a lot of money don't get more?

- Do you believe that the rich get ritcher and the poor keep getting poorer?

luissm2 said...

The rich people is getting richer, but is the poor people really getting poorer?

A)I don't really think the poor are getting poorer unless they are loosing everything they have. I think this is just a way of saying that the poor haven't got in better, usually a rich person over passes himself with more obstacle because of all the advantage they have, and the poor cant really do anything because they don't have anything to fall back on. I think the rich have an advantage just because they have more money, while the poor got to put all their power to over pass their obstacles.


Doesn't the poorer getting richer as well?

I dont think the rich gets poor unless they have done things to make it seem so. If you are smart with your money then I don't think nobody really has a problem

dr.mason said...

Since this was a topic example from class, you should feel free to change to something you find you have more to talk about if you don't seem to be able to say much.

In general, I think we've seen a general rise in income on many levels, but that the wealthy have seen a quicker rise in income. So, perhaps "everyone" is getting richer, just not at the same pace. But since even growing incomes of many middle-class workers have not kept up with inflation, they are getting poorer even though they make the same amount of money as or more than they used to. This is not an easy question, so I don't want to sugest an easy answer. The issue is a global one as well, as you point out, although I would be careful describing whole countries as either rich or poor.

The recent bailouts would seem to be a natural place to start thinking about whether this myth is holding true. Many have complained about the money that many made off of providing subprime mortgages for the last several years (because these mortgages carried higher interest rates, and were sold off to other companies for a profit after being created). Those who borrowed large amounts of money to buy homes, and whose homes have now lost much of their value, have indeed become poorer.

Many of those nearing or in retirement have seen the value of their portfolios decrease sharply. Many politicians hoped to limit the amount of money the executives of these companies could get in salary and bonuses(basically, they wanted the rich to not continue getting richer on the public's dime). There's many ways in which this crisis has revealed the possibility of becoming rich or poor quickly.

To begin to answer this type of question, you probably need to have some real data at hand and focus on some real situation. Your other option is to look more broadly at how this myth operates in some setting. How do the political campaigns, for instance, invoke "the rich" or "the poor"?

I look forward to seeing your revision.