Wealth - in the same restaurants, bathrooms, and buses as...

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Wealth Wealth consists of income and assets (property). Robertson (1989:180) contends that, while the US is philosophically indebted to the notion that "all men are created equal," the US is, in fact, a very stratified society. The US has the most inegalitarian class structures in the industrialized world (see Long, 1993). For the first century of nationhood in the US, a caste system was in place in the form of racial slavery. Many of the familiar characteristics associated with the Indian caste system were in effect. Included in America's caste system were endogamy and notions of ritual pollution. Blacks were not allowed
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Unformatted text preview: in the same restaurants, bathrooms, and buses as whites. Women also can be seen as occupying secondary position in a caste system. Despite the professed commitment to human rights, the US today contains 600,000 millionaires and 32 million people below the poverty line. Who Controls Wealth in the U.S.? Group Percent of Households Percent of Wealth Range Super-Rich 0.5 % 35.1% 2.5 Million or more Very-Rich 0.5% 6.7% 1.4 to 2.5 million Rich 9.0% 29.9% $206,000 to 1.4 mil The rest of us 90.0% 28.2% Less than $200,000 Source: Eitzen, 1988:257...
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