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Understanding the Acceptance of Extreme Inequality

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Democracy Dies in Darkness

Extreme inequality is commonplace. Why is it accepted?

Published on August 24, 2026

Authored by Jen Cole Wright

The Conversation is an independent, nonprofit news organization providing readers with verified information and analyses from academics and researchers. This is aimed at helping readers navigate a complex world.

In the year 2026, until July, Elon Musk’s estimated wealth was increasing at a staggering rate, ranging from US$30 million to $100 million per hour. This growth briefly positioned him as the world’s first trillionaire. Contrastingly, the typical American worker earns between $23 and $56 per hour.

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