Why here in america rich get richer and poor get poorer?

Question

Companies like Exxon walmart cingular and at&t make me sick Greedy pigs

Answer 1

You're working from either a flawed assumption, or bad information.

The poor in America are actually getting richer.

The rich, are also getting richer. So is the middle class. This has been true every decade since the 50's, and over the longer term since the beginning of the country. Of oourse this is not the "common knowledge" that gets passed along.

If I were in your shoes (I assume you consider yourself poor and would like to have more), I would not ask a negative question like this. Instead I would ask positive questions like "how can I get richer, in a realistic, possible way?" and "what would I have to do in order to increase my value so that I get more money?"

Answer 2

The Republican majority currently in place seeks to dismantle the social programs that were put into place after the Great depression and return the US to a nation of unfettered wealth and unregulated business, and unrelieved poverty.
By heaping debt on the nation they seek to stay in power long enough to either remove social safety nets via legislation or put the country in such debt that they must be cut by administrations that follow. Social Security has proven to be "untouchable" because the majority of Americans know it protects the elderly against a crashed economy, in which savings can be wiped out in the blink of an eye. By the time this administration ends, we will have to cut SS to handle the debt.
They also seek to undo the progressive tax rates, which have largely been brought down from a high bracket of 90% in the 1960's to a high bracket to 33% today. Millionaires have much to be grateful for with this government.

Answer 3

They're a necessary evil. Large companies stabilize markets. Otherwise, prices would be change at the drop of a hat. A gallon milk would be 2.50 before lunch and 5.98 after. It's Walmarts that keeps that from happening. AT&T that intiates market standards that all other companies must match if they want to compete. That's how economics WORKS here in the USA. Russia tried things a bit differently, and failed to make it work. It's not a perfect system, but at least it keeps some sembalance of order.

Answer 4

I suggest you to open a brokerage account at Scottrade and buy shares in Exxon Mobil, Wal-Mart, AT&T and Cingular and get a small part of their profits.

You will die a very wealthy men.

Top 4 Answerer un Business & Finance. (Vote for me. I just need 200 more votes)

Answer 5

Its mainly because of the media. You see all of these items that the rich have and it makes your life seem poorer. The reality it that the standard of living is increasing and is better then it ever has been before. Better food, better, gadgets, and safer working enviroments.

Answer 6

Ask George Dubya. Most of the heads of the corporations you mentioned are his Texas Cronies -- not to mention his huntin' pals.

Dontcha know, AT&T now stands for All Things Texan -- including who gets rich.

Answer 7

Because we keep asking for cheaper, and somebody has to pay.

Answer 8

because it's America!

Answer 9

not just u.s. but everywhere in the world