the six heirs to the Wal-Mart empire command wealth of $69.7 billion, which is equivalent to the wealth of the entire bottom 30 percent of U.S. society.
The book "The Price of Inequality" by Joseph E. Stiglitz discusses the alarming disparity of wealth in society, exemplified by the six heirs of the Wal-Mart fortune, who possess a staggering $69.7 billion. This amount is indicative of a significant concentration of wealth, rivaling that of the bottom 30 percent of the U.S. population, highlighting the widening gap between the richest individuals and the less affluent.
Stiglitz argues that such immense inequality poses a threat to social stability and economic progress, as it can lead to diminished opportunities for the majority and increased social tensions. The wealth accumulation by a small number of individuals at the top suggests systemic issues that need addressing to foster a more equitable society.
