Essay on The One Percent video project

Submitted By Andrewwang23C
Words: 872
Pages: 4
Open Document
Andrew Ly
The One Percent There are many views on how the one percent affects the country and if there can be alternatives to how the U.S and function. Milton Friedman thinks that how all the classes are set up now is fine. He admits that there is a lot of money focused on the one percent and that “It is not perfect and there will be people that get hurt, but that’s with any system.” When you look back at the amount of money people were getting in the 1960’s compared to now, there was never a time when “Ordinary people have had the same level of income and living that they now do.” He is more focused on the upper and middle class and does not focus on the huge amount of money that the rich are making and the possibility of a poor person getting an education and being able to get to the point of becoming an ordinary person. Although, he believes that the lower class is very sensitive unlike the middle class. If the government were to impose higher taxes, the people who would be hurt the most would be the poor people. The poor will be unable to pay the taxes, the middle class will be hurt financially, and he believed that many people will find a way to get around taxes. Adnan Khashoggi argued that we are born into what we are and we can’t change that. If you were born into a poor family, you would just have to accept you may not have a job and if you were lucky, you could possibly get a part time job. People of the middle class have a chance to go in either direction. They can end up being successful and rich or poor depending on how they choose to live their life.
A different point of view discusses how the gap between the rich and poor is unfair and that it would be better if there wasn’t so much money focused on the one percent. This point of view focuses less on how much money the one percent is earning and more on how to make it so that the middle and lower classes can make more money. This can cause people of the upper class to become upset because they don’t want to pay more to help others. They got there however they did and they shouldn’t have to support others by paying more taxes. Bill Gates Sr. believes that
“People who have been enabled to accumulate very large wealth have an indebtedness to society for making that possible.” Since the rich have a lot of money compared to the other classes, it would seem reasonable to pay more taxes to help a large portion of the country. Since this country is based on capitalism and on the idea that people can be anything they want to be, some would say it is possible for a poor person to get out of poverty and into the middle or upper class. However, they will have to have talent that many people enjoy seeing and it is quite hard to move up in the world just like that. This idea of people being what they want to be is more focused on the middle class. The middle class already are set up for life, given an education and a stable life. Their

physiological and safety needs are
Show More

Related Documents: Essay on The One Percent video project

Observation And Analysis Of The Class Videos

Adeela Wilson ECON 101 Mr. Cleveland 25, March 2014 Observation and Analysis of the Class Videos As we all know there are many government issues that are affecting the US economy. There are several discussions presented through social network and media. I would like to address two videos that were viewed. The first video is about Robert Reich in support of government spending. In the video, Reich is being interviewed about his viewpoints about budget cuts and how it could make job crisis worse…

Words 1068 - Pages 5

The Use Of Technology

today are now obese thanks to playing video games instead of going outside. When I see people on a busy COTA bus, no one socializes like before technological devices. Today it’s so easy for people to hide behind a screen to make people lives harder. It’s now to the point were people are committing suicide. I realize that Gary Turk’s assertions in Look-up are really true in life. I now see less and less children at the park after school. Seventy percent of obese youth has a higher risk to…

Words 415 - Pages 2

Technology: Education and Attention Span Essay examples

TECHNOLOGY CHANGING HOW STUDENT LEARN, TEACHERS SAYS According to the surveys of teacher, there is a belief among teachers that’s student constant use of digital technology is hampering their attention The Pew Internet Project conducted one; the other comes from Common Sense Media, a nonprofit organization in San Francisco that advises parents on media use by children. It was conducted by Vicky Rideout a researcher who has previously shown that media use among children and teenagers ages 8…

Words 343 - Pages 2

Violence In The Media

with young people as they grow older. In the video that I viewed, the results of many studies was shared and it allowed the scale of the problem to be realized. I agree whole-heartedly, the problem with violence in the media is growing unmanageable. I believe that violent programs affect your family and everyone close to you. The video that I viewed was titled, New study: Children's TV viewing affects behavior, and I accessed the video on YouTube. The video presented information on how violent television…

Words 504 - Pages 3

How Memory Errors Have An Impact In A Person's Life

helicopter that was hit by a missile. In a study 20 percent of the participants had false memories because of false information. One person had mentioned that they had seen video footage of the plane that crashed in Pennsylvania on September 11 thus one in 5 of the people claimed to remember seeing the video footage although there was no video footage. Also, if the false repeated information is repeated over a long period of…

Words 484 - Pages 2

Video Games Essay

princess? Well without video games, none of us would be able to have creative adventures like this one. Video games don’t mean anything to some people, but to others a game can be their second life outside reality. Zaheer Hussain, a member of the international journal of mental health and addiction, claims that Forty-one percent of people who play online video games admitted that they played computer games as an escape from the real world. Also the addicted gamers used video games to modify their…

Words 1067 - Pages 5

Essay on Netflix Case Study

Netflix is considered one of the top leaders in the DVD rental/ streaming industry, and there are many reasons why. This case analysis will go over some of the strengths of Netflix, some of the downfalls of the company, and what makes them who they are today. Netflix has many competitors in the industry, and they are now in a constant struggle to stay atop of the leader board as online streaming becomes more popular. Technology: There are many entrants in the market today, and one of the things consumers…

Words 1899 - Pages 8

Mla Standart Essay

this national survey of 1,235 parents of children between the ages of two and seventeen (margin of error ± 2.9 percent) and 416 children between the ages of eight and sixteen (margin of error ± 5 percent) reveals: § Almost half (48%) of all families with children between the ages of 2 and 17 have all four of the new media staples among families with children: a television, a VCR, video game equipment, and a computer. (See page 7 for details) § These media have not only penetrated the homes of…

Words 5318 - Pages 22

Report on Toshiba and Nintendo Essay

client for its many business products. Toshiba offers many technological business products that can be incorporated into Nintendo’s business and its consumer products. Two of the products that could realistically be sold to Nintendo by Toshiba are video communication solutions and the permanent LED display systems. Thus, these products are the basis of the presentations. These two product categories offered by Toshiba will be elaborated on further into this report. TOSHIBA COMPANY ANALYSIS Such…

Words 3480 - Pages 14

The Pros And Cons Of The Copyright Alert System

billion movies, TV shows and many other files had been downloaded worldwide. Six percent of that was illegal downloads, 600 million illegal downloads in just a three month period. Copyright infringement is one of the many horrible things that happens today and we need to come up with a better way to prevent it. There are many policies that are used to let a person know if they have downloaded something illegally, one of those is the Copyright Alert System (CAS). This lets content producers such as…

Words 825 - Pages 4