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Distribution of Wealth
Transcript of Distribution of Wealth
Off The Pages
Distribution of Wealth
In America and To Kill a Mockingbird
In The Book
What is Economic Disparity?
"The Cunninghams never took anything they couldn't pay back. They never took anything off of anybody, they get along with what they have. They don't have much, but they get along on it. " (Lee, pg. 20)
The Cunninghams are not well off, although they manage with what they have, they have nothing to spare. There is never left over and they pay for things with what they have. They have too much pride to accept anything from others.
Distribution of Wealth
A way in which the wealth and income of a country is divided among it's population (Britannica).
"Every town the size of Maycomb had families like the Ewells. No economic fluctuations changed their status-people like the Ewells lived as guests of the county in prosperity as well as in the depths of a depression." (p.170)
Live off of welfare
live outside a trash dump
too many children
rely on the generosity of others
The Poorest of the Poor
"We lived on the main residential street in town-Atticus, Jem, and I, plus Calpurnia our cook." (6)
Finches come from money- Finch's landing
Can afford to hire a cook
Atticus is a lawyer and a politician
distribution of wealth and income." Encyclopædia Britannica. Encyclopædia Britannica Online Academic Edition. Encyclopædia Britannica Inc., 2013. Web. 31 May. 2013. <http://www.britannica.com/EBchecked/topic/638235/distribution-of-wealth-and-income>.
There are several different ways to classify the distribution of wealth. One way is to categorize ownership of "factors of production" i.e. land and labour (Britannica).
Edwards, George C., III, Martin P. Wattenberg, and Robert L. Lineberry. Government in America: People, Politics, and Policy. 13th ed. New York: Pearson Education, 2008. Print.
"Income Gaps between Very Rich and Everyone Else More than Tripled in Last Three Decades, New Data Show." Center on Budget and Policy Priorities. CBPP, 2008. Web. 31 May 2013. <http://www.cbpp.org/cms/?fa=view&id=3220>.
Constitutional framers = elitists
James Madison "The most common and durable source of factions has been the various and unequal distribution of preoperty... Those who hold and those who are without property have everformed distinct interests in society."
Everyone was poor
New Deal Legislation
Turn of the Century
Food and drug act of 1906
The 1960's and 70's
Ralph Nader, Rise of Consumerism
Product Safety act of 1972, Consumer product safety commision
Sherman Act of 1890
Democratic party realignment
~Economic Policy Institute, The State of Working America 2011, "Wealth Holdings Remain Unequal in Good and Bad Times."
~Source: Edward N. Wolff, "Recent Trends in Household Wealth in the United States: Rising Debt and the Middle-Class Squeeze—an Update to 2007," Levy Economics Institute of Bard College Working Paper No. 589, March 2010, Tables 10 and 11.
~The median U.S. household income in 2009 totaled $49,777
~In 2008, the top 1 percent share had more than doubled to 21.0 percent.
~Since 1972, the average hourly wage has risen only 4 percent.
The rich will get richer and the poor with consequently get poorer. Dr. Nicholas P. G. Davies said, "Inequality is just as bad for the rich as it is for the poor. Society is poorer as inequality becomes greater." This means if the distribution of wealth continues to increase, society itself will actually become poorer regardless of how rich the rich are.
~Inequality.org. "Income Inequality." Inequalityorg. Inequality.org, n.d. Web. 03 June 2013. <http://inequality.org/income-inequality/>.
"Wealth Inequality Charts." United for a Fair Economy. N.p., n.d. Web. 3 June
Lee, Harper. To Kill a Mockingbird. New York/ Boston: Grand Central, n.d. Print.