The vast majority of wealth in this country was handed-down and not earned. Upward-mobility is virtually non-existent, especially given the social stratifications. Do you agree or disagree with this statement, or otherwise?
While the gap between the wealthiest and the poorest is increasing in the US less than 40% of the wealth is held by less than 1/2 of one percent of the population(about 300,000 people).
The US has less than 500 billionaires.
The number of millionaires in the US is over 5,200,000 of which 5,000,000 earned it in their lifetime.
I know many millionaires and they all earned it ... mostly as business owners that they started themselves.
I have run into a couple people that inherited wealth over one million and they both were very hard working people and highly involved in charity.
The US is still one of the best countries that have opportunity to work hard and gain wealth.
PS - I know a few people that earn over one million a year and they spend it all ... therefore no real wealth.