Tax policy - middle income homeowner can rise by $4800 per year. Senator Sander's disputes that amount.
September 30, 2016
By Erik Sherman
The world is awash (click here) in personal wealth: $153.2 trillion in total, according to Allianz’s new Global Wealth Report 2015. That’s enough to pay three times the world’s sovereign debt, the debts of each nation. The report, which measured 2014 wealth, found 2014 was the third consecutive year in which global wealth grew more than 7%.
The jump was largely the result of households pumping up their personal savings efforts. The U.S. — with $63.5 trillion in total private wealth — holds the largest amount of any country in the world. But that wealth is unevenly distributed, and nowhere is that more evident than in the U.S., which also has the largest wealth inequality gap of 55 countries studied, according to the report.
While America’s growing income inequality has been the source of much debate, this report examined the wealth — which includes not just salary, but also property and investments held by a family. The report found that America’s wealth inequality is even more gaping its income inequality. In fact, the report dubbed the U.S. the “Unequal States of America” due to the size of the gap....
...For the first time in this report series, Allianz calculated each country’s wealth Gini coefficient — a measure of inequality in which 0 is perfect equality and 100 would mean perfect inequality, or one person owning all the wealth. It found that the U.S. had the most wealth inequality, with a score of 80.56, showing the most concentration of overall wealth in the hands of the proportionately fewest people....
September 30, 2016
By Erik Sherman
The world is awash (click here) in personal wealth: $153.2 trillion in total, according to Allianz’s new Global Wealth Report 2015. That’s enough to pay three times the world’s sovereign debt, the debts of each nation. The report, which measured 2014 wealth, found 2014 was the third consecutive year in which global wealth grew more than 7%.
The jump was largely the result of households pumping up their personal savings efforts. The U.S. — with $63.5 trillion in total private wealth — holds the largest amount of any country in the world. But that wealth is unevenly distributed, and nowhere is that more evident than in the U.S., which also has the largest wealth inequality gap of 55 countries studied, according to the report.
While America’s growing income inequality has been the source of much debate, this report examined the wealth — which includes not just salary, but also property and investments held by a family. The report found that America’s wealth inequality is even more gaping its income inequality. In fact, the report dubbed the U.S. the “Unequal States of America” due to the size of the gap....
...For the first time in this report series, Allianz calculated each country’s wealth Gini coefficient — a measure of inequality in which 0 is perfect equality and 100 would mean perfect inequality, or one person owning all the wealth. It found that the U.S. had the most wealth inequality, with a score of 80.56, showing the most concentration of overall wealth in the hands of the proportionately fewest people....
