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GeoPanther

The statement in general is true. The estimates say that only 1% of the Americans do possess around 90% of the wealth in the country. It should be added though that it is not the same people that control the majority of the wealth, as the majority of the people that are in that top 1% are changing over time, with other people over taking their places, while some of them lose their wealth or stagnate. There's only a handful of people that since they entered the top 1% have never fallen out of it.

jayilych4real

The correct answer about the given statement is:

  • It is true and this is because of the massive wealth by the 1% American elites.

What is Wealth Inequality?

This refers to the uneven distribution of wealth between people of different economic classes as the rich gets wealthier and the poor gets poorer.

Hence, we can note that the statement by the American politician is accurate because of the wealth inequality in America which leads to them being as wealthy as 90% of the rest of Americans primarily because of capitalism.

Read more about wealth inequality here:
https://brainly.com/question/1699477

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