As always I’d like to open by taking a moment to thank MemoryShock and the rest of the ATS debate members for allowing this to take place. I’d
also like to wish my fellow fighter chissler the best of luck in our debate. Let the fun begin!
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The debate we have been given today is centered on financial success as it relates to ones economic status. The exact topic is as follows,”The
Amount Of Financial Success An Individual Experiences Is Determined By, And Will Roughly Mirror, The Economic Status He/She Was Born Into." This is a
topic that holds a lot of meaning for some, and considering our current financial state, may hold even more meaning in the future.
For this debate I will be looking at two different aspects of this topic separately and then tying them together later to show without a doubt that
the economic status we are born into does indeed affect the amount of financial success we can reach.
The first area we will examine will be simply that our financial success is directly determined by the economic state we are born into. I will show
you that the way in which we are raised, and the environment in which we are raised in, directly effect how we control our finances later in life. The
second area I will discuss is that our financial success will roughly mirror that of the economic status we are born into. With this, I will make a
connection between the amount of success we experience as compared to the average success rate at the time of our birth.
After going in depth with these two issues, I will prove to you that there is indeed a strong correlation between the economic climate we are born
into, and the amount of success we can experience later in life.
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Without getting too far in depth before my opponent has a chance to make their opening remarks, I would like to give a little background into why I
believe our debate topic to be true.
I believe that one of our first chances to make something of ourselves begins with our education. The sad fact of the matter is however, that we
organize our public schools in such a way that gives those who need the most, the very least we have to offer. Low income children are much less
likely than others to attend a school which has good teachers, current text books, and technology. As a rule, we generally like to blame their
situation at home for these circumstances, and tell ourselves that for some reason these children can’t do as well because of the background they
come from. This idea is opposite of the faith we should have in our children and our academic systems. It’s because of this very basic reason that
children that are born into poor families have an immediate disadvantage in the financial success that could await them.
This leads directly to the fact that, as I have said, the situation in which we are born directly affects the success we can experience ourselves.
According to Professor Jacques Mistral from Harvard’s Kennedy School of Government, “The situation of a son is more than ever likely to be
dictated by his father’s social position than by his own merits.” This same line of thinking comes from Alice Rivlin, a senior economic adviser
and former VP of the Federal Reserve who says, “Income inequality is widening quite rapidly. It does matter to people that there are such unequal
chances to get ahead.”
Furthermore, we can look at a study from the non-partisan Pew Charitable Trusts, which conducted the first in a series of studies on economic
mobility. Their study found that roughly, the income of each new generation had risen 52 percent since 1820, but suggested that “the up-escalator
that has historically ensured that each generation would do better than the last may not be working so well.” The study also found that median
family income has remained essentially flat since 1973. Another interesting finding was that a man in his mid-thirties today is likely to earn around
$30,010 annually – 12 percent less than his father earned, adjusted in real terms, in 1974.
Even more recently, a CBS survey of 17 to 29 year olds found that only a quarter of them expected to be better off than their parents. Forty-eight
percent of them actually felt that they would be worse off.
As you can already see, the economic state in which we are born has an extremely profound effect on our psyche. We are constantly reminded growing up
how difficult the road ahead is for us if we are born into less than ideal circumstances. As I will continue to show you throughout the course of this
debate, this debate topic we have here holds very true today; and something must be done about it.



