Rich vs. Poor
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030412.wattle.getting.rich.pdf

Wesley Pressley's insight:

Wattles, Wallace, D. The Science of Getting Rich. Education. 2002. ebook. 

<http://www.soilandhealth.org/03sov/0304spiritpsych/030412.wattle.getting.rich.pdf>;

 

Wallace D. Wattles talks about the science that is associated with getting rich. Wallace doesn't believe man is made poor, he believes every man chooses to poor or to be rich. He also believes that becoming rich is easier than many think. Its all about how you play the game. Wallace discusses a variety of choices and how the rich get rich. Becoming rich can be made to look easy, but he uses different words to illuminate the readers mind. Another thing Wallace talks about is the thought process. At one point in chapter 4 he talks about how a simple thought can create something that nobody else can create. This is relatable to the original source and topic because it deals with wealth and economics. Wallace is a credible source, however, most of his descriptions are secondary and have no back up to reinforce it. 

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Are the rich getting richer and the poor getting poorer? | Inside Story

Are the rich getting richer and the poor getting poorer? | Inside Story | Rich vs. Poor | Scoop.it
Wealth seems to be more equally distributed than income in Australia, writes Peter Whiteford, but interpreting the data can be complex
Wesley Pressley's insight:

Peter Whiteford. "Are the rich getting richer and the poor getting poorer?" (2011): n. page. Print. 

<http://inside.org.au/are-the-rich-getting-richer-and-the-poor-getting-poorer/>;


In this journal article, Peter Whiteford analyzes data that has been collected over the past sixty years on families living in Australia. Through all his research he was able to come to a definite consensus that in fact the rich are becoming richer and the poor are becoming poorer. He thinks the cause of this is the harsh regulations that the government puts on the low income families. He also believes that Inequality has played a role in the effects it has on the poverish families. This material relates strongly to the original essay. Whitefords analyzing follows the basic schemes and he cites many sources. All his evidence is factual and I am sure it can be trusted due to the fact that most of his sources are government related. Even tho Whiteford has several resources to back up his claim, his analyzing at times was verbose. He tended to overstate something. His details were clear but often times hard to follow. 

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Poor Get Richer, Rich Get Poorer | FrontPage Magazine

Poor Get Richer, Rich Get Poorer | FrontPage Magazine | Rich vs. Poor | Scoop.it
Why class distinctions are practically meaningless.
Wesley Pressley's insight:

Trussell, Trait. "Poor Get Richer, Rich Get Poorer." FrontPage Magazine. FrontPage Mag, 16 Nov. 2011. Web. 08 July 2014.

 

<http://www.frontpagemag.com/2011/tait-trussell/poor-get-richer-rich-get-poorer/&gt;

 

 Trait Trussell writes two pages in the FrontPage Mag on the Poor Get richer, and Rich Get Poorer. He provides statistics and analyzes his data all the way back to 2008. The data does back his claim, surprisingly. As a matter of fact, since 2008, 55% of Americas wealthiest are now poor. Their poverty could be related to debt, or Americas flawed healthcare system.  Trussell gives some more data and even states that the main reason of the entire argument is that those in the middle, to lower classes are the poorest people in our country. Some are so poor that they can't afford healthcare. Trussell does a really good job explaining himself. He gives data as evidence that it is indeed factual. I do think that his claims are true and are worth trusting. Trussell's claim is the inverse of what the original argument is. I thought this would be a great thing to include because it basically establishes the counter argument. 

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cycles.gif (400x297 pixels)

cycles.gif (400x297 pixels) | Rich vs. Poor | Scoop.it
Wesley Pressley's insight:

Schwad, Ron. Economies, Societies, and the quality of Human Life. 2004. Cartoon. n.p. Web. 7 July 2014

<http://www.havingtheircake.com/>;


As you can see in this cartoon, the father is talking to his son about how the rich get richer, and the poor get poorer. He tells his son that its like a cycle. One day the rich are getting richer, and poor are getting poorer. The next day, the rich are still rich and the poor are still poor. The same is true for our economy and free market. .This cartoon strongly relates to the topic and the multiple other sources.  Its merely a summary of every source. The rich continue to get rich while the poor continue to get poorer. 

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Rich Get Richer, Poor Get Poorer - YouTube

Wesley Pressley's insight:

Rich getting Richer, Poor Get Poorer. Stefan Molyneux. 2013. Film. 07 July 2014.

<https://www.youtube.com/watch?v=1fPSQVSc7xs&gt>;

 

Stefan Molyneux discusses alternative currencies, the rich getting richer, the poor getting poorer and poverty as success. Molyneux believes that those who are wealthy latch on to the state as a means to keep the poor from gaining wealth. If there was no free market, the poor would never have a chance. The free market is merely advantageous for the poor because the free market has various windows of opportunity that the rich cant get through. Molyneux's'' view is a bit diverse from many marketers as well as liberal media sources. Molyneux takes more of economical approach. He does believe that the Rich are indeed getting richer and they are using the state to continue to transfer wealth to them even thought they should be turning over in the spin cycle of the free market even though they should be going down. He stays on topic and he really never cites his sources. He takes a emotional appeal to lure his audience. I do think he is a credible source and I would use this if i had to. 

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Research Shows Rich Getting Richer Makes Poor Poorer - YouTube

Jeff Thompson: New research shows that as wealth increases at the top, it does not lead to either greater equality or better living standards for the middle ...
Wesley Pressley's insight:

Research Shows Rich Getting Richer Makes Poor Poorer. Jeff Thompson. 2011. Film. 30 Aug 2011.

<https://www.youtube.com/watch?v=TAGFVU9lSXY&gt;


Jeff Thompson discusses the idea that the rich are getting richer and the poor are getting poorer. Thompson begins by expressing statistics and his opinion. He brings on an individual to interview and asks him his take on the rich getting richer and the poor getting poorer. Thompson inevitably states that he thinks by the rich getting richer, it causes the poorer families to become increasingly poorer. His guest on the show basically agreed completely to his claims. This video essentially runs right along with what the topic and even gives a more clear understanding. I do believe that the information that was presented and discussed is reliable. Thompson presented many facts as well as statistical evidence. 

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How The Wealthy Get Richer And The Poor Get Poorer

How The Wealthy Get Richer And The Poor Get Poorer | Rich vs. Poor | Scoop.it
David Hyde talks with investigative reporter and author David Cay Johnston about his new book, "Divided: The Perils of Our Growing Inequality." The book
Wesley Pressley's insight:

Hyde, David, and David K. Johnson. "How The Wealthy Get Richer And The Poor Get Poorer." Interview. Audio blog post. KUOW.org. DAVID HYDE & AMINA AL-SADI, 24 Apr. 2014. Web. 8 July 2014.

 

<http://kuow.org/post/how-wealthy-get-richer-and-poor-get-poorer>;

 

David Hyde interviews David C. Johnson, a well renowned investigator as well as an author, and they discuss the growing problems with the rich getting richer and the poor getting poorer. 

Johnson expresses his concern for Americas income and how we need to revert back to how we use to do things. He thinks the way to build a more stronger america that has stronger competitive markets that run off integrity. He also thinks we need to drop the minimum wage to how it was in the 60's. All in all, he believes in a economic system that benefits the few. This podcast is not as strongly related to the book. This is more about the free market.. However, this relates just simply because the rich are getting rich off our selfish market. His source for argument are super opinionated. I wouldn't recommend saying or referring to this as credible, even tho it is first person. 

 

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The Rich Get Richer, the Poor Get Poorer, While the Middle Class Gets Decimated | Economy In Crisis

The Rich Get Richer, the Poor Get Poorer, While the Middle Class Gets Decimated | Economy In Crisis | Rich vs. Poor | Scoop.it
The rich get richer and the poor get poorer. That should be the theme that best describes this great recession.Only the poor are expand- ing in num- bers with members of the middle class now being decimated with job losses.
Wesley Pressley's insight:

Lefcourt, Dave. "The Rich Get Richer, the Poor Get Poorer, While The Middle Class Gets Decimated." n.d: Pag. Economy in Crisis. 10 October 2011. Web. 7 July 2014. 

<http://economyincrisis.org/content/rich-get-richer-poor-get-poorer-while-middle-class-gets-decimated>;

 

Dave Lefcourt challenges his readers to really take a step back and think. He starts off about talking about the unemployed, those trying to make ends meet. He talks about the struggles of families that have to use food stamps as a scapegoat to keep their families afloat. He also talks about how the middle class has been treading water since the 70's and now they are being decimated with job loss. So many issues he includes. His argument is 100% relatable to the original source, and theme. The Poor continue to get poor, while the Rich continue on their uphill climb of elevated wealth. Why is this happening? Its the big company investors. The rich are feeding of their investments which in contrast, just buries the middle class under a toilsome battle of recovery to make ends meet. I will credit Lefcourt's article as a credible and evidential source because he provides evidence, sources, and even his own personal experience. 

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English Language Tips: “Progress does not mean turning richer” – an Explanation in Details

English Language Tips: “Progress does not mean turning richer” – an Explanation in Details | Rich vs. Poor | Scoop.it
Get the latest English writing tips, learn the rare English grammar tricks, collect English literature notes and English school essays from writeurown, the best online English language learning platform and English guide for you.
Wesley Pressley's insight:

Ansari, Tanzil.  "Progress does not mean turning richer." English Language Tips. An Explanation in details., 6 June 2011. Web. O7 July 2014. 

<http://writeurown.blogspot.com/2011/06/progress-does-not-mean-turning-richer.html>;

 

Tanzil Ansari approaches the them, "Rich getting richer, and Poor getting poorer," in a different way. Many people think the progress is being rich, but they're wrong. If a man who has a lot of money and doesn't give any of it to the poor, he is thought of as a selfish man. But if he gives alms to the poor, he is a hero. The sad thing is, many of the rich that are seen as heroes, are selfish in thinking. Many people also think that having a lot of money opens up the doors to socializing. But thats not true either. Being yourself is the key to being somebody. Ansari makes that point and does it well. He doesn't have any sources to back his argument, however, its common sense. I wouldn't use him as a credible source, but it was a good read. It also goes well with my topic. 

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U.S. Income Inequality Is Rising

U.S. Income Inequality Is Rising | Rich vs. Poor | Scoop.it
Income inequality in the United States and other advanced economies is rising. Developing economies have done a better job of preventing large gaps.
Wesley Pressley's insight:

Deruy, Emily."In the U.S., the rich are getting richer, while the poor get poorer."Fusion.  Diverse America, 13 June 2013. Web. 07 July 2014. 

<http://fusion.net/american_dream/story/us-rich-richer-poor-poorer-11703>;


Emily Deruy discusses and parallels the U.S economy with the global economy and analyzes our market on a national stage. On a national stage, our numbers are no where close to what they once were. Even though in have seen a decrease in unemployed workers, our housing market is at its all time low. The average income of a "wealthy" american is just above $50,000. Thats equivalent to a full time job at Walmart almost. Deruy also discusses the decrease in trade unions and she believes this may be the contributor to unstable market. Deruy's blog post is a great read. She provides her evidence and that is substantially enough to make her point. Her blog is reliable and can be trusted to include factual information. Her topic runs right along with the original topic and boosts the reasoning behind the argument. 

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