Class in America

Topics: Social class, Wealth, Poverty Pages: 2 (480 words) Published: January 22, 2013
Class in America ---2006

page 319

1. (1)Myth1 : “ The United State is fundamentally a classless society” and “ class distinctions are largely irrelevant today” are wrong. Myth2 : “We are, essentially, a middle-class nation” and “ most Americans have achieved relative affluence in what is widely recognized as a consumer society.” are wrong. Myth3: “ We are all getting richer.” and “ each generation propels itself to greater economic well-being.” are wrong. Myth4: “ Everyone has an equal chance to succeed.” and “ In America, anyone can become a millionaire.” are wrong. He provided specific percentages in the middle rage of the economic spectrum. Also, he said the gap between rich and poor and between rich and the middle class is larger than it has ever been. Different class affects more than life-style and material well-being. Class standing has a significant impact on our chances for survival. He used some specific percentages and numbers to provide his opinion, also, he gave the average combined scores by income. These real number would prove his opinions. 2. Yes. the essay make a case that the wealthy are exploiting the poor. For example, the author stated that the wealthiest 1 percent of the American population holds 34 percent of the total national wealth. That is, they own over one-third of all the consumer durables and financial assets. The richest 20 percent of Americans hold nearly 85 percent of the total household wealth in the country. Another example, the author said that approximately 183,000 Americans, or approximately three-quarters of 1 percent of the adult population, earn more than $1 million annually. There are nearly 400 billionaires in the U.S. Today, more than three dozen of them worth more than $10 billion each. It would take the average American a total of 28,033 years to earn just $1 billion. In my opinion, from these number, it can proved that poor people have very little chance to be rich. 3. I think it is too low...
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