Saturday, February 25, 2006

Distribution of Wealth

Ever think about who owns what? How much of the pie does everyone get? Wealth distribution can be comically tragic, and an indicator what may be instore for us.

According to Edward N Wolff in 1976 the top 1% of the population in the U.S. controlled 21.8% of the wealth, followed by the next 9% controlling 43.6% of the wealth. The bottom 90% controlled 34.6% of the wealth. In 1998 the top 1% controlled 38.1% , the next 9% controlled 32.8% and the bottom 90% controlled 29.1%
(Faireconomy.org offers an easy to read chart of this same information: http://www.faireconomy.org/research/Economic_Apartheid_Data.html)

Looking at information like only fortifies the saying "the rich get richer". So in begging the question, I must ask: "Whoes American Dream?"

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