Introduction
Wealth inequality remains a topic of concern, not only in the United States, but across various settings all over the globe. Researches carried out in the recent past indicate that the wealth disparities have and continue to worsen, and soon such disparities will reach its extreme and this would have a severe impact on economic development (Rousseau, 2007). Notably, there are various ways in which wealth inequality jeopardize economic growth of any given nation. More importantly, it results in impaired social mobility of the populations. In addition, wealth inequality results in an increase in the number of people who are less ...
