The concentration of wealth in the hands of a few individuals raises critical questions about equity and opportunity in American society. When a significant portion of wealth is amassed by a small percentage of the population, it can lead to social and economic disparities that impact the overall health of the society. While having substantial wealth can provide opportunities and security, there is a concern that excessive wealth might lead to power imbalances, limiting the voices and opportunities of those with less financial means. Ultimately, this imbalance can strain societal cohesion and hinder progress toward a more equitable future.
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In American society, success is usually measured by how much wealth a person possesses. While the majority of Americans earn modest incomes and have limited access to wealth, the number of millionaires and billionaires is the United States is growing. By 2025, 28 million Americans will be millionaires in a nation of more than 333 million people. Think about what it means when so much wealth is concentrated in the hands of a few people. Do you think it is possible for a person to have too much money or wealth?
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