- Which statistic on wealth inequality in the US (discussed on p. 29) made the biggest impression on you? Explain why? The statistic that stood out to me is that 1% of people own the majority of the country’s wealth, being 40%-50%. This shows how un fair money and wealth is distributed across the United States. A lot of people think that the majority of Americans live in the middle class but this just shows that a select few really have the wealth. Also showing that these individuals were born into wealth, so they don’t need to work hard maybe not work at all while others would struggle their whole life no matter how much hard work they put into it.
- 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? Example? Some implications could be that since only a select few of people in the United States have wealth, people who struggle with making money can struggle with paying for the essentials like food, a home, medicine/doctors, education and more, while the wealthy have immediate access to all of those things. For example New York City and the suburbs outside of the city, there are nice tall skyscraper penthouses that cost millions of dollars while homeless people just casually walk past it every day. Another example is schools, wealthy people can put themselves in private school or boarding school then pay for the most expensive college to get the best education possible while others are stuck with public school and having to go to community college even though they would’ve wanted to go to a nice university. It’s something that makes it hard for lower class people to achieve because the wealthy don’t have to work for it, it’s handed to them.
2 thoughts on “Discussion Board 5.3”
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Hello, I agree with the statistic you chose to discuss. There is a shocking difference between the amount of money capitalists and workers. The inequality shown in the statistics creates a bigger divide in how we see social classes.
I agree with your statement, Wealthy people gets a lot of privilege because they can do whatever they want, whenever, so It really reflects back on how people treat you, the type of education you have and lots more. People are tend to bond with others that has similar social class as them and also for educational wise and healthcare services, they do get the best of the best while others have to pay for majority of their own health and public schools and lots more, great points and ideas!