General Discussion
In reply to the discussion: The Extremist Cult of Capitalism. [View all]kenichol
(252 posts)The richest 1 percent of Americans now own 40 percent of the nations wealth!
The richest 1 percent of Americans take home almost a quarter of national income today, in 1976 they took home just 9 percent.
The top 1 percent of Americans own half of the countrys stocks, bonds, and mutual funds: while the bottom 50 percent of Americans own only .5 percent of these investments.
The top 1 percent have 5 percent of the nations personal debt while the bottom 90 percent have 73 percent of total debt.
Not only are the wealthiest 1 percent of Americans taking home a tremendous portion of the national income, but their share of this income is greater than at any other time since the Great Depression.
You get the idea.
Data lifted from: http://thinkprogress.org/economy/2011/10/03/334156/top-five-wealthiest-one-percent/