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Thu Nov 29, 2012, 11:53 AM

Ten Numbers the Very Rich Would Like Fudged

http://www.alternet.org/economy/ten-numbers-rich-would-fudged

1. Only THREE PERCENT of the very rich are entrepreneurs.

According to both Marketwatch and economist Edward Wolff, over 90 percent of the assets owned by millionaires are held in a combination of low-risk investments (bonds and cash), personal business accounts, the stock market, and real estate. Only 3.6 percent of taxpayers in the top .1% were classified as entrepreneurs based on 2004 tax returns. A 2009 Kauffman Foundation study found that the great majority of entrepreneurs come from middle-class backgrounds, with less than 1 percent of all entrepreneurs coming from very rich or very poor backgrounds.

2. Only FOUR OUT OF 150 countries have more wealth inequality than us.

In a world listing compiled by a reputable research team (which nevertheless prompted double-checking), the U.S. has greater wealth inequality than every measured country in the world except for Namibia, Zimbabwe, Denmark, and Switzerland.

(There are the first two! - more at link)

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Reply Ten Numbers the Very Rich Would Like Fudged (Original post)
gollygee Nov 2012 OP
Fortinbras Armstrong Nov 2012 #1
gollygee Nov 2012 #2
Smilo Nov 2012 #3

Response to gollygee (Original post)

Thu Nov 29, 2012, 11:55 AM

1. I can't get the link to work

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Response to Fortinbras Armstrong (Reply #1)

Thu Nov 29, 2012, 11:59 AM

2. Sorry

It automatically switched to the mobile link for me - I think I've fixed it.

http://www.alternet.org/economy/ten-numbers-rich-would-fudged

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Response to gollygee (Original post)

Thu Nov 29, 2012, 12:36 PM

3. Link is working now (thanks OP) and this is a very well laid out article

no wonder they want to keep us "peons" uneducated and poor.

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