Tuesday, November 12, 2013

Income inequality of US or hail capitalism US style!


This is from wikipedia and made me fall out of my chair!

  1. Top 1% owns 35% of wealth.
  2. Top 5% owns 60% of wealth or 3 out of every 5 dollars.
  3. Bottom 40% owns  just 0.2% of wealth.
  4. Bottom 60% owns just 4% of wealth or 96% is owned by top 40%
Really hail capitalism US style - 60% is poor because they don't try and Big banks/wall street firms will get saved by government if they fail [of course with fat bonuses for their executives].

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