The wealth gap exists. This deficit has persisted since the birth of the nation, and its cyclical nature is its central flaw.
The belief that wealth and poverty are inherited from generation to generation is no myth. It is an unfortunate reality. The issue does not lie in the foretold fate of impoverished children or their inability to succeed. Income inequality delaying the poor provides an advantageous lead to those with the most money.
The reality of income inequality has created a cycle that keeps the rich at the top and the poor at the bottom. The wealth gap is a problem for everyone—except those who are part of the top one percent.
The top one percent in America owns 35 percent of all net worth, while the top ten percent owns 76 percent. This means the 280 million people in the country who do not belong to the top ten percent own less than half of the wealth produced in America.
It is often theorized that power should be held in the small circle of […]