Nobody downloaded yet

The Sole Purpose of The One Percent - Essay Example

Comments (0) Cite this document
Summary
Yohannes Abera 11/12/11 Lead 219 Professor C. The Sole Purpose of The One Percent The Occupy Wall Street movement, which has since spread to other locations all over the world, has made the terms "One Percent" and "99 Percent" part of mainstream culture. Despite the fact that nearly everyone has heard of these terms, many might not realize what these terms actually mean…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.1% of users find it useful
The Sole Purpose of The One Percent
Read TextPreview

Extract of sample "The Sole Purpose of The One Percent"

Download file to see previous pages Once this occurs, it will be very difficult for equality to ever exist in the United States again, since the rich will never give these democratic rights back to the poor once they have taken them. The one percent is based on the idea that one percent of the American population controls the majority of the country's wealth. This leaves the other 99 percent of people to fight over whatever money is left over. Capitalism is based on the idea of a free market, where individuals can make as much money as they want under the system. Those who are successful within the system become rich, while those who are unable to succeed are forced under the rich. The idea is also that a trickledown effect will occur, since the rich will pay the rest of society for services that are needed. This is quickly disappearing from society, however, since the rich are becoming greedier than ever before. They want to make much more money than they will ever need, which causes problems for the poor because this money comes out of their pockets. In previous generations, the middle class made up the majority of American society, since corporations were forced to pay their workers a fair wage. Today, however, much of this work can be outsourced to other countries at lower wages, which has left many Americans without jobs. Under a democratic system, the people should hold the majority of the power. Unfortunately, the current system has been influenced the presence of these major corporations. These corporate interests are able to make donations to political campaigns and the politicians respond by passing legislation that makes it easier for these corporations to capitalize on the average citizen. The country’s political system is based on money and if the average person does not have any money, it is almost impossible for that individual to make a difference. The goal of these corporations is to make it even easier on themselves to make money and, eventually, the 99 percent will no longer have a voice. If you look at what a company like Wal-Mart has done over the years, it makes sense. Wal-Mart pays its employees minimum wage and, therefore, it is able to offer products for a lower price than competitors. The company will then go into an area and put all of its competitors out of business very quickly, since consumers are attracted to low prices. This takes money away from the small business owners who owned the competitor stores and takes money away from the community as a whole because all of the profits from Wal-Mart head to the corporate offices. Unless something is done in the near future, it will be almost impossible for the United States to regain its place as a democratic union and the land of opportunity. Today’s opportunities are mostly working for the one percent for whatever wage the employer decides to pay. If you do not want that job, someone else will surely take it, since jobs are becoming more scarce. Unfortunately, the power than these corporations have over the political spectrum are making it much more difficult. If Wal-Mart is donating large amounts of money to the Republican Party, that party will do whatever it can to keep that stream of revenue, since it can help the party get into power. Therefore, the corporation that donates this money has a major influence over the party’ ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Sole Purpose of The One Percent Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.org/english/1436561-the-sole-purpose-of-the-one-percent
(The Sole Purpose of The One Percent Essay Example | Topics and Well Written Essays - 750 Words)
https://studentshare.org/english/1436561-the-sole-purpose-of-the-one-percent.
“The Sole Purpose of The One Percent Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/english/1436561-the-sole-purpose-of-the-one-percent.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Sole Purpose of The One Percent

Purpose

...Task: Hazard Communication The United s Department of Labor consists of different sub-departmental categories run under the rules and regulation of the wider department. One of these sub-department is occupational safety and health standards (OSHA). Further division breaks OSHA into other categories with distinct and defined roles. Hazard communication is one of the concerns succinctly described by the US labor department. According to the labor department in the United States, hazard communication is defined as a way through which the government or the sellers in certain products or goods inform their clients about their disadvantages. Disadvantages, in this case, refer to the problems that may be...
15 Pages(3750 words)Essay

Sole proprietorship

...business structure. Sole proprietorship is under complete control of the person organizing it. Sole proprietor may retain and reinvest all the incomes of the business on its own motion. The payment of tax is easy and may flow directly to the tax return of the sole proprietor. The business may be dissolved easily. Disadvantages: The liability of sole proprietors is unlimited. So, the businesses as well as the personal assets of the sole proprietor are at risk. There are very limited sources available for the raising of funds as opposed to companies where fund raising is very high. PARTNERSHIP: An association/relationship of two or more persons to carry on...
6 Pages(1500 words)Essay

The Sole proprietorship

...owned by one person have few formal compliance requirements and minimal tax obligation in comparison to other business structures. The legal costs to start a sole proprietorship are low and the starts up costs are low as well. They vary depending on the industry and the scope of the project. Sole proprietorship can prevent the hassle and corruption associated with bureaucracy. The tax filing is much simpler and does not require the assistance of a C.P.A. on many occasions. The Securities and Exchange Commission (SEC) does not regulate sole proprietorships, thus regulations such as the Sarbanes Oxley Act of 2002 do not apply to private businesses. There are also cons...
3 Pages(750 words)Admission/Application Essay

Godly Purpose

...31 March Godly Purpose As creatures created in God’s image, humans have a unique opportunity to fulfill divine purpose in their lives. Some never move beyond self-gratification and seek only to achieve worldly success measured by cultural conceptions. Others embrace the idea of a higher purpose and allow a set of standards, not widely understood by their secular counterparts, to govern their lives. If one chooses this alternate path, one accepts the challenge to set an example for others, to illuminate the weaknesses that are inherently human, and to live as one not only created in God’s image, but also as one who is...
4 Pages(1000 words)Essay

Legal Structure: Sole Trader

...?Business Readers point Legal structure: Sole trader The business proposal I have come up with is about a stationery shop which deals with a wide variety of stationeries needed in offices, homes and institutions of learning. The name of the business ‘readers point’ was arrived at after a survey of the target clients. The name is catchy and also sells out to new clients what the business is all about. Sources of funding are savings of ?25,000, Princes Youth Trust business grant ?4000, loan ?6000 and bank loan of ?20,000. I intend to use my savings and the bank loan for the start capital and the Princes Youth Trust business grant and loan for the operations of the business in the first two months before the business is...
6 Pages(1500 words)Essay

Statement purpose

...Design and Technology ment Purpose: Educational Technology and Leadership Reasons for pursuing Education technology and Leadership relates to willingness for increasing competence and capability through improved quality of education. In this case, I have found the need to acquire the necessary skills and knowledge characterized by emphasis on leadership, which values diversity and achievement of equity, technology, innovation application. Moreover, knowledge gathered by pursuing this course can facilitate research and evaluation of the decision-making in a way that can improve reflection of collaborative means of increasing the level of productivity in learning institutions. The source of motivation for choosing to...
3 Pages(750 words)Essay

Purification Planning for Sole Proprietor

...Zhiying Yvonne Chen Dennis Gee TAXX 344 October 18, 2009 Recommendation of Purification Planning for Sole Proprietor Table of Contents1. Executive summary 1 1. Introduction 2 The example of Cell City: 10 A number of factors come into play, and the owners rely heavily on the rules and regulations to make this decision. They may have tax-related questions but will also want to know the advantages and disadvantages to the business. The report analyzed and discussed alternative tax planning for Cell City, and recommended some simple solutions and complex methods for purification for sole proprietor. 12 5. References 13 Executive summary This paper analyzes the prickly effects associated with...
12 Pages(3000 words)Case Study

Advantages and Disadvantages of Sole Proprietorship

...Assignment It is worthwhile to mention that Katy has a relatively better idea to initiate her personal furniture business as she could invest a considerable amount of 250,000 pounds. Indeed, commencing one’s own business is more feasible than investing this money in financial markets by purchasing bonds, stocks, saving certificates etc. Indeed, the reason behind this is the fact that today’s corporate world is highly unstable that in turn affects the financial markets. Secondly, low interest rates has also reduced the yield on financial products, hence income generated in above mentioned products may not be up to one’s expectations. As far as furniture business is concerned, it should be highlighted that...
6 Pages(1500 words)Essay

Summary of America's 1 percent problem

...America’s Percent Problem In America’s Percent Problem Stiglitz presents facts about the level of inequality that exists in the United s of America. Stiglitz notes that the level of inequality in the U.S. is so high going by different economic measures and in comparison with other countries across the world. According to Stiglitz, one percent of the population owns the largest share (about a third) of the nation’s wealth even as the rest of the population struggle and face a lot of hardships that are inconsistent with the American dream (Stiglitz, 2012, p. 2). The level of inequality in the American society is evident in the income of CEOs vis-a-vis the income of the...
1 Pages(250 words)Essay

Summary of America's 1 percent problem

...Americas percent problem Affiliation: America has been increasing in the inequality between the rich and the poor who occupy the 90th percentile on the wealth distribution while the rich occupy one percent. The economic recession of 2007-2008 made things even worse with the poor and middle class being hit the most and taking forever to recover. Some have not even recovered to date having lost their employment, depleted their savings and having their homes foreclosed and now rendered homeless or living with compassionate relatives. In comparison, the rich one percent was hit but not much and since they had numerous investments, they were able to recover pretty soon and were already enjoying the fruits of the additional income once... the...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic The Sole Purpose of The One Percent for FREE!

Contact Us