The Rich Get Richer
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The Rich Get Richer
"The rich get richer and the poor get poorer" is an aphorism attributed to Percy Bysshe Shelley. In '' A Defence of Poetry'' (1821, not published until 1840) Shelley remarked that the promoters of utility had exemplified the saying, "To him that hath, more shall be given; and from him that hath not, the little that he hath shall be taken away. The rich have become richer, and the poor have become poorer; and the vessel of the State is driven between the Scylla and Charybdis of anarchy and despotism." It describes a positive feedback loop (a corresponding negative feedback loop would be e.g. progressive tax). "To him that hath" etc. is a reference to Matthew 25:29 (the parable of the talents, see also Matthew effect). The aphorism is commonly evoked, with variations in wording, as a synopsis of the effect of free market capitalism producing excessive inequality. Predecessors Andrew Jackson, the seventh President of the U.S. (1829–1837), in his 1832 bank veto, said that "w ...
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Aphorism
An aphorism (from Greek ἀφορισμός: ''aphorismos'', denoting 'delimitation', 'distinction', and 'definition') is a concise, terse, laconic, or memorable expression of a general truth or principle. Aphorisms are often handed down by tradition from generation to generation. The concept is generally distinct from those of an adage, brocard, chiasmus, epigram, maxim (legal maxim, legal or maxim (philosophy), philosophical), principle, proverb, and saying; although some of these concepts could be construed as types of aphorism. Often aphorisms are distinguished from other short sayings by the need for interpretation to make sense of them. In ''A Theory of the Aphorism'', Andrew Hui defined an aphorism as "a short saying that requires interpretation". A famous example is: History The word was first used in the ''Aphorisms'' of Hippocrates, a long series of propositions concerning the symptoms and diagnosis of disease and the art of healing and medicine. The often-c ...
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Project Gutenberg
Project Gutenberg (PG) is a volunteer effort to digitize and archive cultural works, as well as to "encourage the creation and distribution of eBooks." It was founded in 1971 by American writer Michael S. Hart and is the oldest digital library. Most of the items in its collection are the full texts of books or individual stories in the public domain. All files can be accessed for free under an open format layout, available on almost any computer. , Project Gutenberg had reached over 75,999 items in its collection of free eBooks. The releases are available in plain text as well as other formats, such as HTML, PDF, EPUB, MOBI, and Plucker wherever possible. Most releases are in the English language, but many non-English works are also available. There are multiple affiliated projects that provide additional content, including region- and language-specific works. Project Gutenberg is closely affiliated with Distributed Proofreaders, an Internet-based community for proofr ...
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Salon (website)
''Salon'' is an American politically progressive and liberal news and opinion website created in 1995. It publishes articles on U.S. politics, culture, and current events. Content and coverage ''Salon'' covers a variety of topics, including reviews and articles about books, films, and music; articles about "modern life", including friendships, human sexual behavior, and relationships; and reviews and articles about technology, with a particular focus on the free and open-source software (FOSS) movement. According to the senior contributing writer for the ''American Journalism Review'', Paul Farhi, ''Salon'' offers "provocative (if predictably liberal) political commentary and lots of sex." In 2008, ''Salon'' launched the interactive initiative '' Open Salon'', a social content site/blog network for its readers. Originally a curated site with some of its content being featured on ''Salon'', it fell into editorial neglect and was closed in March 2015. Responding to the qu ...
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George H
George may refer to: Names * George (given name) * George (surname) People * George (singer), American-Canadian singer George Nozuka, known by the mononym George * George Papagheorghe, also known as Jorge / GEØRGE * George, stage name of Giorgio Moroder * George, son of Andrew I of Hungary Places South Africa * George, South Africa, a city ** George Airport United States * George, Iowa, a city * George, Missouri, a ghost town * George, Washington, a city * George County, Mississippi * George Air Force Base, a former U.S. Air Force base located in California Computing * George (algebraic compiler) also known as 'Laning and Zierler system', an algebraic compiler by Laning and Zierler in 1952 * GEORGE (computer), early computer built by Argonne National Laboratory in 1957 * GEORGE (operating system), a range of operating systems (George 1–4) for the ICT 1900 range of computers in the 1960s * GEORGE (programming language), an autocode system invented by Charles L ...
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Ronald Reagan
Ronald Wilson Reagan (February 6, 1911 – June 5, 2004) was an American politician and actor who served as the 40th president of the United States from 1981 to 1989. He was a member of the Republican Party (United States), Republican Party and became an important figure in the American conservative movement. Presidency of Ronald Reagan, His presidency is known as the Reagan era. Born in Illinois, Reagan graduated from Eureka College in 1932 and was hired the next year as a sports broadcaster in Iowa. In 1937, he moved to California where he became a well-known film actor. During his acting career, Reagan was president of the Screen Actors Guild twice from 1947 to 1952 and from 1959 to 1960. In the 1950s, he hosted ''General Electric Theater'' and worked as a motivational speaker for General Electric. During the 1964 United States presidential election, 1964 presidential election, Reagan's "A Time for Choosing" speech launched his rise as a leading conservative figure. After b ...
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Capital In The Twenty-First Century
''Capital in the Twenty-First Century'' () is a book written by French economist Thomas Piketty. It focuses on economic inequality, wealth and income inequality in Europe and the United States since the 18th century. It was first published in French (as ''Le Capital au XXIe siècle'') in August 2013; an English translation by Arthur Goldhammer followed in April 2014. The book's central thesis is that when the rate of return on capital (economics), capital (''r'') is greater than the rate of economic growth (''g'') over the long term, the result is wealth concentration, concentration of wealth, and this unequal distribution of wealth causes social and economic instability. Piketty proposes a global system of progressive tax, progressive wealth taxes to help reduce inequality and avoid the vast majority of wealth coming under the control of a tiny minority. At the end of 2014, Piketty released a paper where he stated that he does not consider the relationship between the rate of ret ...
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Thomas Piketty
Thomas Piketty (; born 7 May 1971) is a French economist who is a professor of economics at the School for Advanced Studies in the Social Sciences, associate chair at the Paris School of Economics (PSE) and Centennial Professor of Economics in the International Inequalities Institute at the London School of Economics (LSE). Piketty's work focuses on public economics, in particular income and wealth inequality. He is the author of the best-selling book '' Capital in the Twenty-First Century'' (2013), which emphasises the themes of his work on wealth concentrations and distribution over the past 250 years. The book argues that the rate of capital return in developed countries is persistently greater than the rate of economic growth, and that this will cause wealth inequality to increase in the future. Piketty proposes improving the education systems and considers diffusion of knowledge, diffusion of skills, diffusion of idea of productivity as the main mechanism that will l ...
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US Federal Minimum Wage If It Had Kept Pace With Productivity
US or Us most often refers to: * ''Us'' (pronoun), the objective case of the English first-person plural pronoun ''we'' * US, an abbreviation for the United States US, U.S., Us, us, or u.s. may also refer to: Arts and entertainment Albums * ''Us'' (Brother Ali album) or the title song, 2009 * ''Us'' (Empress Of album), 2018 * ''Us'' (Mull Historical Society album), 2003 * ''Us'' (Peter Gabriel album), 1992 * ''Us'' (EP), by Moon Jong-up, 2021 * ''Us'', by Maceo Parker, 1974 * ''Us'', mini-album by Peakboy, 2019 Songs * "Us" (James Bay song), 2018 * "Us" (Jennifer Lopez song), 2018 * "Us" (Regina Spektor song), 2004 * "Us" (Gracie Abrams song), 2024 * "Us", by Azealia Banks from '' Fantasea'', 2012 * "Us", by Celine Dion from ''Let's Talk About Love'', 1997 * "Us", by Gucci Mane from '' Delusions of Grandeur'', 2019 * "Us", by Spoon from '' Hot Thoughts'', 2017 Other media * US Festival, two 1980s California music festivals organized by Steve Wozniak * ''Us'' (1991 ...
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The Great Gatsby
''The Great Gatsby'' () is a 1925 novel by American writer F. Scott Fitzgerald. Set in the Jazz Age on Long Island, near New York City, the novel depicts first-person narrator Nick Carraway's interactions with Jay Gatsby, a mysterious millionaire obsessed with reuniting with his former lover, Daisy Buchanan. The novel was inspired by a youthful romance Fitzgerald had with socialite Ginevra King and the riotous parties he attended on Long Island's North Shore in 1922. Following a move to the French Riviera, Fitzgerald completed a rough draft of the novel in 1924. He submitted it to editor Maxwell Perkins, who persuaded Fitzgerald to revise the work over the following winter. After making revisions, Fitzgerald was satisfied with the text but remained ambivalent about the book's title and considered several alternatives. Painter Francis Cugat's dust jacket art, named '' Celestial Eyes'', greatly impressed Fitzgerald, and he incorporated its imagery into the novel. Afte ...
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Raymond B
Raymond is a male given name of Germanic origin. It was borrowed into English from French (older French spellings were Reimund and Raimund, whereas the modern English and French spellings are identical). It originated as the Germanic ᚱᚨᚷᛁᚾᛗᚢᚾᛞ (''Raginmund'') or ᚱᛖᚷᛁᚾᛗᚢᚾᛞ (''Reginmund''). ''Ragin'' ( Gothic) and ''regin'' ( Old German) meant "counsel". The Old High German ''mund'' originally meant "hand", but came to mean "protection". This etymology suggests that the name originated in the Early Middle Ages, possibly from Latin. Alternatively, the name can also be derived from Germanic Hraidmund, the first element being ''Hraid'', possibly meaning "fame" (compare ''Hrod'', found in names such as Robert, Roderick, Rudolph, Roland, Rodney and Roger) and ''mund'' meaning "protector". Despite the German and French origins of the English name, some of its early uses in English documents appear in Latinized form. As a surname, its first recorded ...
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Gus Kahn
Gustav Gerson Kahn (November 6, 1886October 8, 1941) was an American lyricist who contributed a number of songs to the Great American Songbook, including " Pretty Baby", " Ain't We Got Fun?", " Carolina in the Morning", " Toot, Toot, Tootsie (Goo' Bye!)", " My Buddy" " I'll See You in My Dreams", " It Had to Be You", " Yes Sir, That's My Baby", " Love Me or Leave Me", " Makin' Whoopee", " My Baby Just Cares for Me", "I'm Through with Love", " Dream a Little Dream of Me" and " You Stepped Out of a Dream". Life and career Kahn was born in 1886 in Bruschied, in the Rhine Province of the Kingdom of Prussia, the son of Theresa (Mayer) and Isaac Kahn, a cattle farmer. The Jewish family emigrated to the United States and moved to Chicago in 1890. After graduating from high school, he worked as a clerk in a mail order business before launching one of the most successful and prolific careers from Tin Pan Alley. Kahn married Grace LeBoy in 1916 and they had two children, Donald and Iren ...
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Ain't We Got Fun
"Ain't We Got Fun" is a popular foxtrot published in 1921 with music by Richard A. Whiting, lyrics by Raymond B. Egan and Gus Kahn. It was first performed in 1920 in the Fanchon and Marco revue ''Satires of 1920'', then moved into vaudeville and recordings. "Ain't We Got Fun?" and its jaunty response to poverty and its promise of fun ("Every morning / Every evening," and "In the meantime, / In between time") have become symbolic of the Roaring Twenties, and it appears in some of the major literature of the decade, including ''The Great Gatsby'' by F. Scott Fitzgerald and in Dorothy Parker's award-winning short story of 1929, "Big Blonde." The song also contains variations on the phrase " The rich get richer and the poor get poorer" (substituting, ''e.g.'', "children" for "poorer"); though this phrase predates the song, its use increased with the song's popularity. Composition "Ain't We Got Fun" follows the structure of a foxtrot. The melody uses mainly quarter notes, an ...
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