The document discusses class in America and argues against common myths. It notes that the wealthiest 1% own 34% of total wealth and the richest 20% own 85% of household wealth, showing sharp differences. In contrast, 13% of Americans live below the poverty line, including 1.4 million homeless children each year. It concludes that with such extremes, the US cannot be considered classless and that class has a significant impact on life chances from education to survival.