Wednesday, September 30, 2009
Wealth Inequality on Steroids!
Do you know how much of the total US wealth the top 1% of households controls? A staggering 34% (as of 2004). Which means that as a nation we onlly have 66% of the total wealth to address the needs of the other 99%. No wonder why we have the health care and other social problems that we do.Think about it -- if the top 1% of HHs only controlled 17% of total net worth, the rest of us would have 27% more resources to attend to basic needs.
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