logo

Wealth Tax Assignment Report

   

Added on  2022-09-09

6 Pages1263 Words18 Views
Running head: I AM A PART OF 0.1 PERCENT AND I WANT A WEALTH TAX 1
I am a part of 0.1 Percent and I want a wealth tax
Name
Professor
Inistitution
Course
Date
Wealth Tax Assignment Report_1
I AM A PART OF 0.1 PERCENT AND I WANT A WEALTH TAX 2
Introduction
This paper critically analysis an article by the title I'm part of the 0.1 Percent, and I want
a wealth Tax. In this article, the author advocates that his family should donate some part of their
wealth to the less fortunate in society (Bell, 2019). By doing so, he gives his father a book, by
the title Winners Take All, by the author Giridharadas. The richness of the family is well
illustrated by the quote “My family is rich; we were ranked among top ten percent wealthiest
families in the country”. However, the parents are not for the concept, the mother suggests
accumulating wealth, which they will then donate its capital returns annually where else the
other family members want yearly vacations, sports cars, and other laxly. Due to the wealth
inherited by their maternal grandfather, their family joined the elite ranks in Canada. The author
advocates for the introduction of a wealth tax will ensure the balance between the rich and the
poor in Canada (Bell, 2019). The writer further goes on to argue that there should be a balance in
wealth distribution as well as access to services in Canada. I find the argument of this article
useful because the adoption of the writer’s recommendations will help close the gap between the
wealthy individuals and the poor. The writer is undergoing conflict with his family due to his
idea of close gape advocate between the rich and poor. This is well supported by the quote “I see
conflict going on between me and my family...”
Rhetoric
They used rhetoric strategy is this article is to convey a message as well to persuade
different individuals in clouding the author’s father to donate part of his wealth to charitable
organizations (Bell, 2019). In this strategy, the author gave his father a book by the title Winners
Take All by Girigharadas. After reading this book, the author expected his father to start a
Wealth Tax Assignment Report_2
I AM A PART OF 0.1 PERCENT AND I WANT A WEALTH TAX 3
charitable organization on his own. The author also talks of how kinds from the affluent families
apply for scholarships despite having the capacity to finance their education. “I am told to apply
for the scholarship I refused”, But going back to my school “I hear rich kids even richer than us
bragging how they received their scholarship awards”, these quotes make the use unique and
caring for the poor. He uses this strategy to speak on how the rick practices unjust practices
without directly stating that these opportunities are meant to be for the poor people in society. He
goes ahead and talks about people inheriting and referring to themselves as new money where
else they are old money. By saying, so the author discourages on inheritance as well as on people
boasting on inheritance acquired resources.
Evidence
In this article, the author uses previous statistics to show the difference in the poverty
levels between the rich and the poor Canadians. The author state that wealthy people increased
their wealth by more than $20 billion in the year 2018, while the poor holds only 4.5 billion of
the country's wealth (Bell, 2019). The evidence provided by the author was as per reports
supplied by Oxfam. The author also advocates that the elites who comprise 0.1 % of the
country's population to be remitting a tax based on their wealth. He supports this idea by saying
it has been proposed by different economists in various countries, including Thomas Piketty of
France, in his book Capital in the Twenty-First Century (Bell, 2019).
Language
In this article, the writer best uses figurative language to try to draw a picture of the rich
people's style of living. The author talks of a mansion on a private island, sports cars, and speed
Wealth Tax Assignment Report_3

End of preview

Want to access all the pages? Upload your documents or become a member.