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Sun Nov 25, 2012, 03:06 PM

Ten Numbers the Rich Would Like Fudged -

http://www.alternet.org/economy/ten-numbers-rich-would-fudged?akid=9711.263688.chr_uN&rd=1&src=newsletter748976&t=3
(all emphases my own)

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.

3. An amount equal to ONE-HALF the GDP is held untaxed overseas by rich Americans.

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4. Corporations stopped paying HALF OF THEIR TAXES after the recession.
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Reply Ten Numbers the Rich Would Like Fudged - (Original post)
Bill USA Nov 2012 OP
JKingman Nov 2012 #1
GeorgeGist Nov 2012 #2

Response to Bill USA (Original post)

Sun Nov 25, 2012, 04:05 PM

1. Great article!

 

It cannot be more clear. The rich and the corporations have all but destroyed analytical and reasonable mathematical thinking in America.

The rich somehow have been able to make American voters think that they are "just exercising their freedoms" by choking off the source of government funding for everything a government does.

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Response to Bill USA (Original post)

Sun Nov 25, 2012, 05:55 PM

2. 11. They are vastly outnumbered!

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