The big impression is no surprise that “The top 1 percent own between 40 and 50 percent of the nation’s total wealth (stocks, bonds, investment funds, land, natural resources, business assets, and so on), more than the combined wealth of the bottom 90 percent.” Majority of the nation’s population is “working class” and it’s a struggle. What we ideally want as a nation is for all to strive evenly, but it is impossible when the rich get richer and more greedier.
In America, wealth inequality has a detrimental effect on the majority of citizens, many of whom have struggled to thrive since the 1980s. Reflecting on the period since the 2000’s reveals that significant challenges have persisted. Numerous banks were paid in 2008 and on the other end of that many people were losing their jobs. While wages have seen some increase, rental prices have surged even more dramatically. Recent events surrounding DOGE, along with proposals from Elon Musk and Trump regarding a $5,000 payment to citizens, highlight this growing disparity. As a society, we inherently seek fair compensation for our labor, yet the wealthy seem to accumulate their fortunes with ease. In places like Los Angeles and North Carolina, citizens are losing their homes in their attempt to regain stability, even as we allocate billions in taxpayer dollars to participate in wars that may not be in our best interest.