#trevizonotecards6

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global income, waslike throwing money to the ones that need it

Source:
Milanovic, Branko. "Increasing Global Income Inequality Caused the Global Financial Crisis." The World Economy 2010: n. pag. Opposing Viewpoints in Context. Web. 21 Apr. 2015. <http://ic.galegroup.com/ic/ovic/ViewpointsDetailsPage/ViewpointsDetailsWindow?failOverType=&query=&prodId=OVIC&windowstate=normal&contentModules=&display-query=&mode=view&displayGroupName=Viewpoints&limiter=&u=j071909010&currPage=&disableHighlighting=true&displayGroups=&sortBy=&source=&search_within_results=&p=OVIC&action=e&catId=&activityType=&scanId=&documentId=GALE%7CEJ3010634208>.

Quote:

"But the richest people and the hundreds of thousands somewhat less rich, could not invest the money themselves. They needed intermediaries, the financial sector. Overwhelmed with such an amount of funds, and short of good opportunities to invest the capital as well as enticed by large fees attending each transaction, the financial sector became more and more reckless, basically throwing money at anyone who would take it."

My Ideas:

Increasing global income became a conflict between the people that needed money and the ones that didn't had to worry about loosing more of their income.

History:
Created: 04/28/15 07:08 PM

Rich People should help others.

Source:
Carter, Brian T. "Current High Tax Rates for the Wealthy Have Created Class Divisions." Should the Rich Pay Higher Taxes? 2014: n. pag. Opposing Viewpoints in Context. Web. 21 Apr. 2015. <http://ic.galegroup.com/ic/ovic/ViewpointsDetailsPage/ViewpointsDetailsWindow?failOverType=&query=&prodId=OVIC&windowstate=normal&contentModules=&display-query=&mode=view&displayGroupName=Viewpoints&limiter=&u=j071909010&currPage=&disableHighlighting=true&displayGroups=&sortBy=&source=&search_within_results=&p=OVIC&action=e&catId=&activityType=&scanId=&documentId=GALE%7CEJ3010889213>.

Quote:

"...it's time the rich start paying their fair share; poor people need help."

My Ideas:

I think that many rich people do not need the majority of their money, do to this, they should donate, not all of their money, but maybe a little amount that could help, or even save others that are less fortunate. This is why rich people should offer their help to others.

History:
Created: 04/22/15 01:59 PM

Rich should pay taxes too.

Source:
Carter, Brian T. "Current High Tax Rates for the Wealthy Have Created Class Divisions." Should the Rich Pay Higher Taxes? 2014: n. pag. Opposing Viewpoints in Context. Web. 21 Apr. 2015. <http://ic.galegroup.com/ic/ovic/ViewpointsDetailsPage/ViewpointsDetailsWindow?failOverType=&query=&prodId=OVIC&windowstate=normal&contentModules=&display-query=&mode=view&displayGroupName=Viewpoints&limiter=&u=j071909010&currPage=&disableHighlighting=true&displayGroups=&sortBy=&source=&search_within_results=&p=OVIC&action=e&catId=&activityType=&scanId=&documentId=GALE%7CEJ3010889213>.

Quote:

"For people who believe wealth and opportunity are simply the results of a birth lottery, what is the incentive to work harder? They are zombies, feasting off the productive. For the zombies, people who earn more are not paying their fair share."

My Ideas:

Rich people do not pay higher taxes as the middle class people. In my opinion, the rich that need less of their money, should be the ones that pay more than us. Some rich people do not even have a use of their money and they waste their money in useless things like cars, jewlery, or many other things. The rich should pe more sencitive and consider that there are people without clothes, food or even a plave to live in.

History:
Created: 04/22/15 02:08 PM

Victory for the middle class.

Source:
Milanovic, Branko. "Increasing Global Income Inequality Caused the Global Financial Crisis." The World Economy 2010: n. pag. Opposing Viewpoints in Context. Web. 21 Apr. 2015. <http://ic.galegroup.com/ic/ovic/ViewpointsDetailsPage/ViewpointsDetailsWindow?failOverType=&query=&prodId=OVIC&windowstate=normal&contentModules=&display-query=&mode=view&displayGroupName=Viewpoints&limiter=&u=j071909010&currPage=&disableHighlighting=true&displayGroups=&sortBy=&source=&search_within_results=&p=OVIC&action=e&catId=&activityType=&scanId=&documentId=GALE%7CEJ3010634208>.

Quote:

"The middle class and those poorer than them were happy to see their tight budget constraint removed as if by a magic wand, consume all the fine things purchased by the rich, and partake in the longest US post-World War II economic expansion"

My Ideas:

The middle class finally felt like they had the "victory" because their income their budget constraint was removed.

History:
Created: 04/28/15 07:35 PM

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