… is not what you thought it was, no matter what you were thinking. According to this interesting moving infographic movie thingie:
I just emailed that out to a bunch of friends and relatives. I was floored. The wealth of this nation has been sucked out and locked up by that 1%. I don’t believe in that investment crap. Tax the bastards and put that money to work. Real work.
In Park Avenue: Money, Power & the American Dream, there was the statement that 400 individuals hold more wealth than the bottom 50% of Americans. Is that accurate and do you know the source for that information?
When it asks whether the CEO works 380 times harder then the average worker, is that because the CEO has 380 times as much wealth, or 380 times as much income. I would like to see a comparison between income inequality as well as wealth inequality.
They are stealing our own hard earned money right off of our broken tired backs! If they payed tax that way equaled to the percentage that the rest of us pay then this country could start to support itself and folks like us and my family could get ahead!
David try this site. The figures are sourced.
I was wondering the same thing. But, the difference between “wealth” an “income” and such may be a matter of how one fills out tax forms and how one hides one’s money more than what the thing (wealth/income/whatever) actually is.
[...] http://scienceblogs.com/gregladen/2013/03/01/wealth-inequality-in-america/ [...]
These numbers probably aren’t accurate either. The wealthiest people are good at hiding their stuff in tax shelters where it is hard to track so in reality their share is likely to be even bigger.
If there was a new word in the early part of the 21st century , it would have to be a word that goes well beyond the word greed.
Cosmic Greed? ,Pathological Greed?. Go figure!
Whilst I share the concerns about wealth equality, I would like to suggest that we should expect the top 20% to have significantly more than the bottom 20%. If the top 20% earn 100 times more than the bottom 20%, they would have 100 times more of the wealth – that’s just maths.
When asked, the majority of the US population believes that football talent has the same distribution as they thought wealth does. Moreover, many men believe that they are in the top 5% of football talent in the country. However, I have uncovered data that is very disturbing. Shockingly, only ~1700 men possess 99.9995% of the football talent in a country of ~314 million citizens. They clearly stole this talent from the rest of us and we need government programs to get it back.
Are you implying that .0005% of the country possesses the vast majority of the “money talent” in the US? That, somehow, they hold some secret to wealth accumulation (probably some mixture of “bootstraps” and “working hard”) that the rest of us simply do not?
I have shared this, including it in my general discussions of wealth inequality (including busting the myth of “Job Creators”). Thank you for this.
The bad news? Amazon has not been a very have good prospects of gain. In eking a profit of $9700000000, the last quarter, according to the report, a net profit of $8200000000, this time. Have a correct CEO Geoff Bezos D? Investors this month, his company is not, in fact, a charity organization. Look back and should not be in the near future: forecast, the second quarter operating profit of $100000. The gains and losses of $3400000. Yes, there are likely to lose one’s $three hundred million quarter.
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