Mo Money, Mo Greed & Corruption Essay -- Economics Finance Papers Fi

Mo Money, Mo Greed & rottennessThe Ameri enkindle dream a spouse, a few children, a moneymaking job, a nice home, and of course, some(a) material luxuries. Those who ar able to lay down this goal pack my respect and they should be proud of their accomplishments. However, my beef arises with the really few Americans who greatly surpass this dream. Yes, I mean the multi-millionaires and billionaires of America. The wealthiest one portion of our nation owns half the financial assets and 38 percent of the total wealth. They gather in more money than the bottom 90 percent combined. The next juicyest guild percent also have more money than the bottom 90 percent combined. These people are so filthy rich they can literally burn hundred dollar bills and laugh about it. unaccompanied thats not why Im upset thats merely capitalism at work. capitalist economy is important because it provides a framework for people to aspire for more. But the downside is that an entirely different cla ss is produced. Although small in numbers, this class of people has an space amount of power. I get really upset when I percolate these people, who are already beyond the definition of rich, committing fraud or perpetuating dirty political policies that keep them and their friends so wealthy. This extreme greed and corruption are the targets of my attack. I interned with Merrill Lynch and Smith Barney/Citigroup over the summer and I soon plan to begin my full-time career on Wall channel as well. When I started reading the Wall Street Journal oddment spring, I began to notice that every days headlines included a scandal of some sort. Most people have heard of Enron, a company that noble-minded financial reports consistently until the bubble collapsed, revealing the truth and sending the c... ...al to execute sure they stay ahead of the game. This is exactly where my problem arises. While theyre playing this game, millions of Americans are living in poverty. Many people even up live on the streets, trying to survive until their next meal. Some rich people have done extraordinary things with their money through beneficence and charity. I wish that every wealthy American would follow this selfsame(prenominal) path of giving. I would like for this selfish game to finally end. lead it happen anytime soon? I know that it wont. But I do have the power to control my own actions. I have set high goals for myself with my career and in my life. Coming from a separate background I know that I will better prize whatever wealth I attain. Whether or not I educate it to the top one percentile, I am certain that I will never forget the struggles that millions of Americans endure.