5 Sep 2022

55

The Top 1% Holds More Wealth Than the Bottom 90% Combined

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Academic level: High School

Paper type: Essay (Any Type)

Words: 268

Pages: 1

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Most communities around the world are highly stratified. Factors causing the classification range from social, economic as well as political. On the economic aspect, the United States, a country in which most pride on the fact that social classification in terms of the wealth an individual is low, ironic to the above sentiments is highly divided. The division is in regards to wealth distribution and hence, the privileges an individual gets as a result of belonging to a certain economic class. It would be right to say that status does not only distinguish individuals in this community regarding the property they own, but it also sets them apart in terms of the neighborhoods they live in, the products they consume as well as the aspects the environment they live in allow them to interact with.

Economic class does not only make individual’s privilege in terms of high-end material accumulation, but it also brings in the law, hence introducing some bias. The high and middle-class individuals highly get away with cases that would see the low-class individuals face court trials and even some sentenced to death. The law that is supposed to protect each citizen equally, does not explicitly do the above, a factor that is affected by the economic influence an individual has. Closely related to the above, wealthy individuals can afford to live in gated communities, where property is of high value and there is high-end security. On the other hand, Individuals in a lower class might even be exposed to crime so as to attain what is deficient in their lives, making crime prevalence in such societies high. Wealth distribution has hence divided communities, making others highly privileged, and others less privileged to the extent that even opportunities among such communities are not equally accessible to all its members.

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StudyBounty. (2023, September 16). The Top 1% Holds More Wealth Than the Bottom 90% Combined.
https://studybounty.com/the-top-1-holds-more-wealth-than-the-bottom-90-combined-essay

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