The top 1% have 25% of the wealth in the USA
The top 5% have 50.7% (which includes the top 1%)
The top 10% have 62.9%. (which includes the top 5%)
That leaves 90% of us fighting over 37.1% of the pie.
The only country with a worse maldistribution of wealth is Mexico
The increase (according to these sources) of top 1% of wealth accumulation is 18.1% in FIVE YEARS. During those five years when the investment banks took the global economy for a ride, the people with the highest wealth of 2003 should have crashed by 2009.
What is "W"rong with this picture?
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US wealth distribution: 10% of US citizens own 70.9% of all US assets (click title to entry - thank you)
Submitted by wd4freedom on Sun, 10/18/2009 - 11:45
Top 1% own 38.1%
Top 96-99% own 21.3% (which does not include the top 1%)
Top 90-95% own 11.5% (which does not include the top 5%)
And it gets much uglier as you proceed downward. Bottom 40% of population has 0.2% of all wealth.
The founders equated freedom to liberty which in their language meant you "owned" property (you were not in debt). The amount of property you owned had a proportional relationship to the amount of liberty you experienced.
Our system of freedom is skewed and is becoming very dangerous (approx. 100 million US citizens experience ZERO freedom).
Our system of freedom is skewed and is becoming very dangerous (approx. 100 million US citizens experience ZERO freedom).
