This is just sickening beyond all belief!
This video on wealth inequality in the U.S. has gone viral within days, and for good reason. It painstakingly goes through several graphics to get across some basic, staggering facts about who owns America.
The data used in the video is from 2007. Data from 2010 show that it’s getting even worse. There has been a 4% shift in the distribution curve from poorer to wealthier. The top 10% of the population own 77% of wealth (up from 73%), and the bottom 90% own 23% of wealth (down from 27%).
If you want some really in-depth numbers, including the jaw-dropping racial disparities, see this article by G. William Domhoff of the University of California, Santa Cruz. The bottom line: “Since financial wealth is what counts as far as the control of income-producing assets, we can say that just 10% of the people own the United States of America.”
View original post 68 more words