- Which statistic on wealth inequality in the US (discussed on p. 29) made the biggest impression on you? Explain why?
One statistic will be the wealth inequality in the U.S which will be the top percent of Americans that hold a significant portion of the nations wealth which can be around 40 percent or more but this statistic shows us difference between the wealthiest Americans and the rest of the population, points out the imbalance in economic power, where a tiny percentage controls a lot of resources while the rest of the people or the majority struggle to secure financial stability.
- 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?
Living in a society with wealth inequality that can have implications like social and political instability, like wealth gap getting wide it can cause can lead to protest because people might feel alienated and if you have money it can also translate to a type of political power leaving most people with little influence to make decisions that would affect their lives.
An example would be Healthcare Access, the healthcare system in the U.S also show the difference between the wealthy and the rest of the the population that is not, the rich people can afford the best healthcare most of the times they can skip long waiting lines or also receive treatment that are not available to others, so the working class and people who are in the low income brackets are relying on underfunded public healthcare programs or struggle to afford insurance which lead to worse health outcomes for them.
