Final answer:
Wealth is necessary in regard to the Latipso ceremonies because it determines social status and access to privileges within the community.
Step-by-step explanation:
In the context of the Latipso ceremonies, wealth is necessary because it determines one's social status and access to certain privileges within the community. The Latipso ceremonies are described as lavish and extravagant, with mentions of expensive offerings and rituals. Those who are wealthy can afford to participate fully in the ceremonies and receive the benefits associated with them. However, it is important to note that the fairness of wealth distribution in regard to the Latipso ceremonies is open to interpretation and discussion.