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A Chinese think tank on Monday released a research report titled "Ten Questions for American Democracy".
The report said according to the data of the Federal Reserve, the top 1% of Americans had about $43.27 trillion in wealth, which exceeded the bottom 90% of Americans' wealth ($40.28 trillion) and was 14.3 times that of the bottom 50% of Americans ($3.03 trillion) as of the second quarter of 2021.
The report also quoted U.S. economist Joseph Stiglitz as saying that "rising inequality means that resources are concentrated in the hands of a few...the concentrated wealth leads to the concentrated power."
