1. The statistic of the top 1 percent owning between 40 and 50 percent of the nation’s total wealth. That includes stocks, bonds, investment funds, land, natural resources, business assets, etc. This is more than the combined wealth of the bottom 90 percent. In comparison to the 40 percent of families that own some stocks or bonds, but they only accumulate no more than $2000. The 90 percent of families have little or no assets unlike the vast amount of debts and mortgages. It can be said that there is no regulation between the top 1 percent and the rest. It changes the perspective of the US being a “mostly broad affluent middle class society”.
2. Some implications can be a sense of superiority between those of higher class against lower class people. Where income and wealth matters to an extent of getting something more easily. I have seen this before in some cases of the new playstation 5 pro coming out with reserve orders before the initial public release. In these cases the prices are higher given that they are limited and the stock replicas will be sold out soon. The rest of the public will buy and resell for higher prices as to make up for not being able to afford the pre order sale before. Leaving the people who can’t afford either in a financial hold to wait even longer for a fair price. Restriction of social mobility is a main one where having greater wealth gives more access to higher education quality, healthcare, and opportunities for a better quality of life. People who don’t have the wealth or may only be able to afford one aspect of these benefits with their wealth don’t get to reach their full potential. This is often passed down in their families. For example those in remote rural areas than those in urban main city districts have to travel to get a chance of partaking in greater economic and social development opportunities. Or they get left out from advancing forward.

