Which statistic on wealth inequality in the US (discussed on p. 29) made the biggest impression on you? Explain why?
The statistic that the top 1 percent own between 40 and 50 percent of the nation’s total wealth still shocks me because it is so unfairly distributed. There is no need for one person to have all that wealth.
What could be some of the implications of living in a society that has such huge wealth inequalities? Do you see this dynamic getting played out in everyday life in our society? How so?
Some implications of living in a society that has such huge wealth inequalities is consumer debt, and unemployment. I do see these dynamics being played out in society. Almost everyone I know who has graduated from college is in a huge amount of debt that they cannot get out of, not only this but every day i see videos on social media speaking about not being able to enter entry level jobs after college or even service industry jobs. People are struggling to be employed and it is not because people are unqualified.
