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The top 1% control about 38% of the wealth and the bottom 40% control less than 1%.

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originalpckelly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-16-11 09:05 AM
Original message
The top 1% control about 38% of the wealth and the bottom 40% control less than 1%.
http://en.wikipedia.org/wiki/Wealth_distribution#In_the_United_States

"In the United States at the end of 2001, 10% of the population owned 71% of the wealth and the top 1% owned 38%. On the other hand, the bottom 40% owned less than 1% of the nation's wealth.<13>

According to this 2006 study by the Federal Reserve System, from 1989 to 2004, the distribution in the United States had been changing with indications there was a greater concentration of wealth held by the top 10% and top 1% of the population.<1>"

Our revolution is coming sooner than you think.

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rfranklin Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-16-11 09:17 AM
Response to Original message
1. Very symmetrical isn't it?
But it's those damned illegal aliens that are taking all my money!
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originalpckelly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-16-11 09:31 AM
Response to Reply #1
2. Yeah, that's the ticket!
It's those illegal aliens.
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DenverDad Donating Member (305 posts) Send PM | Profile | Ignore Wed Feb-16-11 09:36 AM
Response to Original message
3. If they control and benefit from the wealth
in this country, shouldn't they assume responsibility for it's "upkeep and maintenance"? Would a 3% tax increase really have been out of line? Is this the "redistribution" that has the teabaggers so up in arms?
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blindpig Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-16-11 10:11 AM
Response to Original message
4. Democracy is impossible under those circumstances.

It is impossible to deny the power of concentrated wealth in a society where wealth is power.

And that's where we're at.
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Bigmack Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-16-11 10:16 AM
Response to Original message
5. What want to know...
is how the lowest 40% hung on to so much!

Shit, don't tell the top 1% that the lowest still have anything at all.... they'll take that, too.
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maryf Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-16-11 10:26 PM
Response to Original message
6. K&Rnt
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BeFree Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-16-11 10:44 PM
Response to Original message
7. wow, look at that
3 million own 38%

120 million own 1%.

That ain't fair and balanced.
It's like a top heavy pyramid: can't stand long.
Betcha' the spin is keeping it up...




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