Who Owns America's Wealth?
D Peter Maus wrote:
Dave wrote:
D Peter Maus wrote:
Tex wrote:
The top 10% own 72% of the wealth.
The rest of the 90% own 28% of the wealth.
The top 1% owns 37% of the wealth.
1% of Americans own more wealth than the entire 90% of the rest of
Americans (37% vs. 28%).
Source: The Federal Reserve
Whens the last time a rich person did anything for you? Yeah me
neither.
The top 1% pay over a third, 34.27% of all income taxes. (Up from
2003: 33.71%)
The top 1% own 53% of the stock market.
So, what? One person on my block owns 80% of all the real estate.
Ownership isn't a crime.
Do the work, you can own something, too.
The working stiff is getting from both ends. Buying power down,
exposure way up. Risk has been transferred from capital to labor. That
is perverse and marks a nation on the brink of disaster. Tax cuts for
the wealthy are actually loans that the middle class will have to repay.
We are in the middle of a class war that Ronald Reagan started. You my
friend are on the wrong side.
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