I was always told by my parents how the rich have most of the money, I didn’t know how bad it was. Before I watched the video I thought it was going to be bad. My expectation was the wealth have a ton of money while the lower classes were in terrible shape. That view was completely changed during the video. Apparently the wealthy own practically all the wealth in the U.S. The ideal model was the most ideal, and what people that was reality was still good. The problem was that the poorest didn’t even register on the graph. The rich on the other hand went past it. The 1% had to be placed in a separate category just to fit the amount of wealth they had. What makes it worse is that they most likely didn’t work for it. Normally really rich families had past families do something great that built up the fortune. This would be called old money, since it was built up. Normally that’s how rich people have so much money. At times they can even build upon this, getting richer. The rich will keep getting richer, because they have the poorest working for them. When you are poor you can’t be choosy with your job. The rich most likely use the poor to generate huge capital at cheap costs. I believe they also can use the poor to get tax brakes of some kind since they are employing them. Either way the rich seem to be keeping the poorest poor so they can become richer.
3/22/2019
Sociology Blog 