The level of wealth inequality in America is grotesque. A Pew Research report found that the richest families in the U.S. have experienced greater gains in wealth than other families in recent decades, a trend that reinforces the growing concentration of financial resources at the top. Moreover, the wealth gap between America’s richest and poorer families more than doubled from 1989 to 2016. To put that into perspective, in 2018, households near the top of the income had incomes that were 12.6 times higher than those near the bottom.
At the top of that very economic ladder stand billionaires. And according to Forbes, there were 2,153 billionaires as of March, with the ultra-rich worth $8.7 trillion, and that’s in 2019. Heading into 2022, the 10 wealthiest individuals in the world are all worth more than $100 billion, according to the Bloomberg Billionaires Index. The numbers are simply unbelievable, quite like some of their humble success stories.
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But people are getting fed up with being told lies. They claim that self-made billionaires are nothing more than another case of nepotism, a common practice of power that favors relatives by giving them exclusive opportunities. We collected some of the most eye-opening arguments about it below, so be sure to scroll down and share your thoughts about this as you go.
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Source: boredpanda.com