Intro
The current wealth inequality and continuing rise in poverty rates within the United States has troubling implications for a country that prides itself on being the “land of opportunity.” In recent years, wealth inequality has soared, reaching historic heights that are higher than any other developed Western country and rival those on the eve of The Great Depression (Fischer et al. 1996, Saez 2008). The top one percent of Americans owns 42 percent of the nation’s financial wealth while the bottom 80 percent of Americans own only five percent of the nation’s wealth (Domhoff 2010). The income of the top one percent has nearly tripled in the last 30 years while those at the bottom …show more content…
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