Kadizzle is playing with artificial intelligence. Below is the answer to a question about wealth concentration. Frank, Jeff B, and Gary cannot comprehend the problem. This is what Republican tax policy has done. This IS the problem. You pretend it is a thousand other things, but the refusal of the rich to pay their share IS the problem.
The concentration of wealth in the top ten percent of society varies by country, but in many developed countries, including the United States, the concentration of wealth is high. According to data from the Federal Reserve, in 2021, the top ten percent of U.S. households held approximately 70 percent of the country's total household wealth.
Furthermore, the concentration of wealth within the top ten percent of households is also high. According to a 2019 report by the Institute for Policy Studies, the top one percent of households in the United States held more wealth than the entire bottom 80 percent of households combined.
These figures illustrate the extent to which wealth is concentrated in a relatively small portion of society, which can have significant social and economic implications. While wealth inequality is a complex issue with many underlying causes, some argue that policies aimed at redistributing wealth or reducing barriers to economic mobility could help address this issue.
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