The Declaration of Independence states that “all men are created equal.” Men meaning us.
It does. But doesn’t the US have a stratified class structure based on family background, wealth, authority, occupation, age, gender, etc.?
Sure. One that professes equality for all.
Hmm. So why does a country that professes equality for all have an unequal system? According to a great article at Forbes by Steve Denning, “a recent study by the Federal Reserve reveals the shocking extent of accelerating wealth inequality in America. Out of America’s total assets of $114 trillion owned by Americans in 2018, the wealthiest 10% of Americans owned 70% (up from 61% in 1989), while the bottom 50% of American households had virtually no net worth at all—down from 4% in 1989 to 1% in 2018.”
Because some profit from it.
Denning goes on to say, “wealth inequality has been driven by the notion that the purpose of a corporation is to maximize shareholder value as reflected in the current stock price.”
Wait, what? What are you people?
It’s us. An unequal system tolerated by us.
Because we are sold the idea that it is possible to climb the social class ladder: an illusion of success and its resulting pleasure.
Senior staff writer at the Pacific Standard Tom Jacobs puts it like this: “In America, if you’re ambitious and work hard, you can move up the socioeconomic ladder. At least, that’s the truism we all grew up believing.”
Right. I got five on it.
* Quotes in italic from the movie Us.