Friday, January 27, 2012

Modern Day Wealth Inequity

Here are some dirty stats on Wealth Inequity:

400 Americans own 3percent of all the nations wealth- they own more than 60% of all Americans combined.
top 1 percent own 43 percent of america
top 20% own 93% percent of america.

the bottom 80% own 7% of america
the bottom 50% own .02 percent of america.

in 1970 the bottom 99% owned 70% of america
in 2011 the bottom 99% own 57%

the bottom 90% account for 55% of all consumer spending. the barely middle class and the poor in the bottom 55% pay the majority of sales tax and the evil inflation tax.



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