"The rich get richer and the poor get poorer" is a catchphrase and proverb, frequently used (with variations in wording) in discussing economic inequality. A catch phrase is a phrase or expression that is popularized, usually through repeated use, by a real person or fictional character. ... For the music piece by Steve Reich see Proverb (Reich) Look up proverb in Wiktionary, the free dictionary. ... Differences in national income equality around the world as measured by the national Gini coefficient. ...

Predecessors

Andrew Jackson, in his 1832 bank veto, said that For other uses, see Andrew Jackson (disambiguation). ... The Second Bank of the United States was a bank chartered in 1816, five years after the expiration of the First Bank of the United States. ...

when the laws undertake... to make the rich richer and the potent more powerful, the humble members of society... have a right to complain of the injustice to their Government.^[1][2]

William Henry Harrison said, in an October 1, 1840 speech, William Henry Harrison (February 9, 1773 – April 4, 1841) was an American military leader, politician, and the ninth President of the United States. ... is the 274th day of the year (275th in leap years) in the Gregorian calendar. ... 1840 is a leap year starting on Wednesday (link will take you to calendar). ...

I believe and I say it is true Democratic feeling, that all the measures of the government are directed to the purpose of making the rich richer and the poor poorer.^[3][4]

In 1821, Percy Bysshe Shelley wrote, in A Defence of Poetry (not published until 1840) argues that in his England, "the promoters of utility" had managed The Democratic Party is one of two major contemporary political parties in the United States, the other being the Republican Party. ... -1...

to exasperate at once the extremes of luxury and want. They have 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. Such are the effects which must ever flow from an unmitigated exercise of the calculating faculty.^[5]

The phrase resembles the Bible verse

For whosoever hath, to him shall be given, and he shall have more abundance: but whosoever hath not, from him shall be taken away even that he hath.^[6]

However, in this verse Jesus is not referring to economic inequality at all. Rather it is part of his answer to the question "Why speakest thou unto them in parables?" Jesus says his parables give fresh understanding only to those who already have accepted his message.

"Ain't We Got Fun"

A version of the phrase was popularized in 1921 in the wildly successful song Ain't We Got Fun and is sometimes attributed to its lyricists, Gus Kahn and Raymond B. Egan. Oddly, it never says that the poor get "poorer;" instead it takes off from or alludes to the line, showing that it was already proverbial. They cue the listener to expect the word "poorer," but instead say Year 1921 (MCMXXI) was a common year starting on Saturday (link will display the full calendar). ... Aint We Got Fun? is a popular song. ... Gustav Gerson Kahn (November 6, 1886 - October 8, 1941) was a famous Jewish-German-American musician, songwriter and lyricist. ... Raymond B. Egan (November 14, 1890, Windsor, Ontario - October 13, 1952, Westport, Connecticut) was a songwriter. ...

There's nothing surer: The rich get rich and the poor get—children;

and, later:

There's nothing surer: The rich get rich and the poor get laid off;

Note too that the Kahn and Egan lyrics say "the rich get rich," not richer.^[7][8][9]

The line is sometimes mistakenly attributed to F. Scott Fitzgerald. It appears in The Great Gatsby, as Francis Scott Key Fitzgerald (September 24, 1896 – December 21, 1940) was an American Jazz Age author of novels and short stories. ... The Great Gatsby is a novel by the American author F. Scott Fitzgerald. ...

the rich get richer[sic] and the poor get—children.

The character Gatsby orders the character Klipspringer, sitting at the piano, "Don't talk so much, old sport.... "Play!" and Klipsprinter breaks into the Kahn and Egan song.^[10]

In political and economic rhetoric

The line is often cited by opponents of capitalism as a statement of fact (or an article of faith) and by supporters of capitalism as an example of an erroneous belief. Thus, Capitalism generally refers to an economic system in which the means of production are mostly privately[1] owned and operated for profit, and in which investments, distribution, income, production and pricing of goods and services are determined through the operation of a free market. ...

The modern-day statistical work of Stanley Lebergott and Michael Cox confirms this Smithian view and disputes the commonly held criticism that under a free market the rich get richer and the poor get poorer.^[11]

According to Marx, capitalism will inevitably lead to ruin in accordance with certain laws of economic movement. These laws are "the Law of the Tendency of the Rate of Profit to Fall," "the Law of Increasing Poverty," and "the Law of Centralization of Capital."^[12] Small capitalists go bankrupt, and their production means are absorbed by large capitalists. During the process of bankruptcy and absorption, capital is gradually centralized by a few large capitalists, and the entire middle class declines. Thus, two major classes, a small minority of large capitalists, and a large proletarian majority are formed.^[13]

A use of the phrase by a free market advocates disputing the claim is: A free market is an idealized market, where all economic decisions and actions by individuals regarding transfer of money, goods, and services are voluntary, and are therefore devoid of coercion and theft (some definitions of coercion are inclusive of theft). Colloquially and loosely, a free market economy is an economy...

Relative cohort inequity decreased markedly, with the poor improving their position much faster than the rich. Relative percentile inequity increased slightly. In terms of buying power, both the poor cohort and the poor percentile became significantly wealthier. These data indicate that the view that the rich are getting richer and the poor are getting poorer is clearly over-generalised.^[14]

In the United States the phrase has been used frequently (in the past tense) to describe alleged socioeconomic trends under the Ronald Reagan and George H. W. Bush presidencies.^[15][16][17] Defenders of the Reagan policies characterize this claim as inciting class warfare.^[18] Ronald Wilson Reagan (February 6, 1911 – June 5, 2004) was the 40th President of the United States (1981 – 1989) and the 33rd Governor of California (1967 – 1975). ... George Herbert Walker Bush (born June 12, 1924) was the 41st President of the United States, serving from 1989 to 1993. ... Class conflict is both the friction that accompanies social relationships between members or groups of different social classes and the underlying tensions or antagonisms which exist in society. ...

Commentators refer to the idea as a cliché in discussions of economic inequality, but one that they argue to be accurate nonetheless: Differences in national income equality around the world as measured by the national Gini coefficient. ...

It's a cliché, perhaps, to say that "the rich get rich and the poor get poorer". But in the 1980s and 1990s, cliché or not, that is what took place in some regions of the world, particularly in South Asia and sub-Saharan Africa.^[19]

References

1. ^ Watson, Harry L. (1998). Andrew Jackson V. Henry Clay: Democracy and Development in Antebellum America. Palgrave Macmillan. ISBN 0-312-17772-0.  [1]
2. ^ A Compilation of the Messages and Papers of the Presidents, Vol. 2, Part 3, Andrew Jackson, 1st term, available at Project Gutenberg.
3. ^ William Henry Harrison quotes. James Richard Howington (personal web page). Retrieved on 2006-08-12.
4. ^ Degregorio, William (1997). Complete Book of U.S. Presidents: From George Washington to George W. Bush. Gramercy. ISBN 0-517-18353-6. , p. 146; quotes "all the measures of the government are directed to the purpose of making the rich richer and the poor poorer" and sources it to Schlesinger, Arthur (1946). The Age of Jackson. Boston: Little, Brown. , p. 292
5. ^ Error on call to Template:cite web: Parameters url and title must be specifiedShelley, Percy Bysshe (1909–14). . Bartleby.com. Retrieved on 2006-08-12.
6. ^ Matthew 13:12, King James translation
7. ^ Ain't We Got Fun. Everything2. Retrieved on 2006-08-11.
8. ^ Ain't We Got Fun. Don Ferguson. Retrieved on 2006-08-11.
9. ^ 1921 recording by Billy Jones: mp3 file, 3.4 mb from the UCSB cylinder preservation project
10. ^ Fitzgerald, F. Scott [1921] (1998). The Great Gatsby. Oxford University Press. ISBN 0-19-283269-7.  p. 76; also at Project Gutenberg of Australia[2]
11. ^ Skousen, Mark. The Making of Modern Economics: The Lives and Ideas of the Great Thinkers.  p. 26
12. ^ missingauthor (missingdate). missingtitle. missingpublisher.
13. ^ missingauthor (missingdate). missingtitle. missingpublisher.
14. ^ missingauthor (missingdate). missingtitle. missingpublisher.
15. ^ James K. Galbraith. "The rich got richer." Salon Magazine, June 8, 2004
16. ^ Edward N. Wolf. "The rich get increasingly richer: Latest data on household wealth during the 1980s." Economic Policy Institute Briefing Paper #36. 1993.
17. ^ Alan Reynolds. "Upstarts and Downstarts (The Real Reagan Record)." National Review, August 31, 1992.
18. ^ Jude Wanniski citing Bruce Bartlett, "Class Struggle in America?," Commentary Magazine, July 2005
19. ^ James L. Dietz, James M. Cypher (2004-04-01). The Process of Ecomonic Development. United Kingdom: Routledge, 15. ISBN 0-415-25416-7. 

Project Gutenberg, abbreviated as PG, is a volunteer effort to digitize, archive, and distribute cultural works. ... For the Manfred Mann album, see 2006 (album). ... August 12 is the 224th day of the year (225th in leap years) in the Gregorian calendar. ... For the Manfred Mann album, see 2006 (album). ... August 12 is the 224th day of the year (225th in leap years) in the Gregorian calendar. ... For the Manfred Mann album, see 2006 (album). ... August 11 is the 223rd day of the year (224th in leap years) in the Gregorian calendar. ... For the Manfred Mann album, see 2006 (album). ... August 11 is the 223rd day of the year (224th in leap years) in the Gregorian calendar. ... James K. Galbraith is a progressive American economist who writes frequently for mainstream and left-wing publications on economic topics. ... Screenshot of Salon. ... The Economic Policy Institute or EPI is a progressive United States think tank based in Washington, D.C. and concerned with, as its name implies, the formulation of economic policy. ... Alan Reynolds is a US supply side economist. ... It has been suggested that Two Santa Claus Theory be merged into this article or section. ... shelby was here 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... April 1 is the 91st day of the year (92nd in leap years) in the Gregorian calendar. ...

Further reading

• Brian Hayes (September 2002). "Follow the Money". American Scientist 90 (5): 400. DOI:10.1511/2002.5.400.  — Hayes analyzes several computer models of market economies, applying statistical mechanics to questions in economic theory in the same way that it is applied in computational fluid dynamics, concluding that "If some mechanism like that of the yard-sale model is truly at work, then markets might very well be free and fair, and the playing field perfectly level, and yet the outcome would almost surely be that the rich get richer and the poor get poorer."
• Rieman, J. (1979). The Rich Get Rich and The Poor Get Poorer. New York: Wiley. 
• David Hapgood (1974). The Screwing of the Average Man — How The Rich Get Richer and You Get Poorer. Bantom Books. ISBN 0-553-12913-9. 
• Rolf R Mantel (1995). Why the rich get richer and the poor get poorer. Universidad de San Andrés: Victoria, Pcia. de Buenos Aires. OCLC 44260846. 
• S. Ispolatov, P.L. Krapivsky, and S. Redner (March 1998). "Wealth distributions in asset exchange models". The European Physical Journal B — Condensed Matter and Complex Systems 2 (2): 267–276. DOI:10.1007/s100510050249. ISSN 1434-6028/1434-6036.  — Ispolatov, Krapivsky, and Redner analyze the wealth distributions that occur under a variety of exchange rules in a system of economically interacting people.
• Kee H. Chung and Raymond A. K. Cox (March 1990). "Patterns of Productivity in the Finance Literature: A Study of the Bibliometric Distributions". Journal of Finance 45 (1): 301–309.  — Chung and Cox analyze a bibliometric regularity in finance literature, relating Lotka's law of scientific prductivity to the maxim that "the rich get richer and the poor get poorer", and equating it to the maxim that "success breeds success".