Friday, January 16, 2015
This article is about the rise of the top one percent, using data from the last decade economists at the London school of economics, have determined that the top 0.1% percent of American households control more than 22% of the nations wealth. This is caused by the wealthy being paid more (or earning more from their investments) and the poor aren't able to save. Top incomes are being saved at high rates, pushing wealth concentration up, in turn, rising wealth. According to the AFL-CIO, the CEO's of S&P 500 index companies made on average 12,259,581 or 354 times that of the average rank and file U.S. worker. I think that capitalism is the best of the options that we have available, yeah it has its issues but what would we do have Communism and have CEO's making the same amount of money as a cashier at McDonald's. Nobody wants that to happen.
http://mic.com/articles/107622/this-terrifying-chart-shows-the-unstoppable-rise-of-the-point-one-percent
This article is about income inequality and its affects on families. This article talks about how income inequality is dividing families, The article talks about a man Jayson Seaver and his relationship with her sister because of the income gap between them, because Jayson Seaver went to college and became successful and makes more money than his sister she is jealous and resents him, and he is disappointed and they're both distant from each other and haven't talked in years. I think that its not his fault that he went to college and made something out of his life. When asked about the nations wealth gap Jason said "you get what you put in . Were in control" The reality is some people are going to have to do the minimum wage and some people are going to be the heads of businesses. Its just the way things are. If you work hard you deserve to be paid more if you slack of you deserve to be paid less.
http://www.cbsnews.com/news/income-inequality-can-divide-families-too/
http://www.cbsnews.com/news/income-inequality-can-divide-families-too/
Subscribe to:
Posts (Atom)