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Essay / Research Paper Abstract
An 8 page critique of the contention that Americans do not criticize the so-called "new rich", contentions presented in a February 1, 2000 broadcast in which Ray Suarez interviews James Twitchell (author of "Lead us into Temptation: The Triumph of American Materialism"), Michael Saylor (CEO of Microstrategy), Jean Bethke Elshtain (professor of Philosophy and Political Ethics and author of “Democracy on Trial”) and screenwriter/playwright Alan Ball. The author of this paper contests Suarez's contentions and asserts that criticism of the wealthy is still very much a characteristic of American society. Bibliography lists 5 sources.
Page Count:
8 pages (~225 words per page)
File: AM2_PPwealth.rtf
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Unformatted sample text from the term paper:
interviews James Twitchell (author of "Lead us into Temptation: The Triumph of American Materialism"), Michael Saylor (CEO of Microstrategy), Jean Bethke Elshtain (professor of Philosophy and Political Ethics and
author of "Democracy on Trial") and screenwriter/playwright Alan Ball. Ray Suarez presents the contention that contemporary society in America does not critique the wealthy. Suarezs article is interesting
in that it first lays the groundwork to support Suarezs other contentions that the economic expansion that America had been experiencing since 1991 was the longest lasting on record, that
many had benefited from that expansion, but yet that many had failed to benefit. Suarez notes that unemployment had declined from seven to four percent, that inflation had decreased
and that not only had the stock market increased three fold but half of Americans owned stock as compared to only a little over one-third of Americans in 1991.
Americans, according to Suarez, were visibly benefiting from these improvements in many regards. They were buying increasingly bigger homes, charging more, and purchasing more and more luxury items such
as expensive cars and SUVs (three times as many luxury cars and SUVs in fact). At the same time the so-called "aggregate" was benefiting in this period, however, others
were flailing desperately in the ever-deepening economic waters just trying to keep afloat. Bankruptcies, for example, were almost at an all-time high and the chasm that existed between the
tremendously rich and the tremendously poor was growing more and more prominent as time passed. Suarez reports, in fact, that:
"the wealthiest Americans saw their incomes rise 15% in the last decade, while the lowest-income Americans gained 1%".
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