In 2007,the richest 1 percent of the American population owned 35 percent of the country's wealth and the bottom 80 percent of the population owned 14 percent.Karl Marx would call this

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Karl Marx would call this social inequality, as it represents a significant gap between the wealth owned by the top and bottom portions of the population. Marx viewed social inequality as a result of the capitalist system, in which the bourgeoisie (wealthy owners of capital) exploit the labor of the proletariat (working class). The concentration of wealth in the hands of a few at the top is a key feature of this system.

In 2007,the Richest 1 Percent of the American Population Owned