LAHORE:
As inequality in the United States reaches levels not seen since the Great Depression or the Gilded Age, experts warn that the collapse of the country's vaunted social welfare model is a logical outcome of a system in which capital accumulates at the top while the working class is abandoned to insecurity.
Even as it commands unprecedented wealth, the world's richest nation is unable to provide basic security for millions, with hundreds of thousands sleeping on its streets.
The irony is staggering as the richest 10% of households command a lion's share of the nation's wealth — 67.2% — while the bottom half are left to pick up scraps, holding just 2.5%. On average, the top tier enjoys fortunes of $8.1 million, compared to a modest $60,000 for half the population.
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