i. Do you agree or support the way wealth is distributed in America? Top 0.1% worth as much as the bottom 90%.(briefly explain your answer)

ii. If you ran the government what are some changes you might make?

US wealth inequality - top 0.1% worth as much as the bottom 90% Not since the Great Depression has wealth inequality in the US been so acute, new indepth study nds Wealth inequality in the US is at near record levels according to a new study by academics. Over the past three decades, the share of household wealth owned by the top 0.1% has increased from 7% to 22%. For the bottom 90% of families, a combination of rising debt, the collapse of the value of their assets during the nancial crisis, and stagnant real wages have led to the erosion of wealth. The share of wealth owned by the top 0.1% is almost the same as the bottom 90% The share of total US wealth 1913-2012 4095 O Owned by the bottom 90% of families: 0 Owned by the top 0.1% of families 35 30 25 20 15 10 5 The share of wealth owned by the top 0.1% is almost the same as the bottom 90% The share of total US wealth 1913-2012 4095 I Owned by the bottom 90% of families 0 Owned by the top 01% of families 35 30 25 20 15 10 5 0 1910 20 30 40 50 60 70 80 90 00 2010 SOURCE: WASHINGTON CENTER FOR EQUITABLE GROWTH The share of wealth owned by the top 0.1% is almost the same as the share owned by the bottom 90% Th r r h E m n 1 z n ri 1 2 m [millustrates the evolution of wealth inequality over the last century. The chart shows how the top 0.1% of families now own roughly the same share of wealth as the bottom 90%. The picture actually improved in the aftermath of the 19305 Great Depression, with wealth inequality falling through to the late 19705. It then started to rise again, with the share of total household wealth owned by the top 0.1% rising to 22% in 2012 from 7% in the late 1970s. The top 0.1% includes 160,000 families with total net assets of more than $20m (13m) in 2012. In contrast, the share of total US wealth owned by the bottom 90% of families fell from a peak of 36% in the mid-19805, to 23% in 2012 - just one percentage point above the top 0.1%. There is a new wealth divide in the US 110,001: . 120.000 i mom +Tp 1% (loll resin 33% as: _ amnimwe . E 3 s E a __$_. asst Top 1% real aim-am Halal: PI 9 Manmlmm 5 a D PFFFPFFFFPF 0 Average wealth of famiLies in the bottom 90% and the top 1% of the wealth distribution. in G)