Who Rules America - Wealth, Income, and Power by G. William Domhoff
Long but interesting politics article about how much the richest 1-10% own compared to the bottom 90%. From 2005, so slightly the figures are slightly inaccurate but not much.
"In the United States, wealth is highly concentrated in a relatively few hands. As of 2007, the top 1% of households (the upper class) owned 34.6% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 50.5%, which means that just 20% of the people owned a remarkable 85%, leaving only 15% of the wealth for the bottom 80% (wage and salary workers). In terms of financial wealth (total net worth minus the value of one's home), the top 1% of households had an even greater share: 42.7%. Table 1 and Figure 1 present further details drawn from the careful work of economist Edward N. Wolff at New York University (2010)."
BRING ON THE REVOLUTION!!
Thought i'd stick this up as it is slow on here today. thought it would be busier what with all the rain.
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Avast is still alive!!!!, Sun 27 Feb 2011, 17:32,
Reply)
The real wealth is in Europe.
But the esoteric rich are not for public fodder.
(, Mon 28 Feb 2011, 15:35, Reply)