Excellent article and graphs about the concentration of wealth and opportunity in America among an ever narrowing segment of the population by Phil of Phil's Stock World
http://philsbackupsite.wordpress.com/2010/08/26/who-rules-america/
here is an interesting excerpt from this excellent article:
"Go ahead, do the math – adding up the total wages of the bottom 90% against the total wages of the top 10% give you a real idea of what a “fair and just” system we’re participating in:
14,836 people earn $17,271,381 in average annual income ($256Bn),
133,525 earn $2,569,388 ($343Bn),
593,444 earn $760,680 ($451Bn),
741,805 earn $393,583($292Bn),
5,934,440 earn $188,513($1,119Bn) and
7,418,050 earn $117,688($873Bn)
while the the wages of the bottom 90% are
133,524,900 people earning an average of just $30,173 ($4,029Bn).
So interesting fact number one is that the 13M people in the top 10% earn (not including capital gains, which make up the bulk of their true income) salaries of $3.3Tn while the other 133M schlubs earn $4Tn...."
Subscribe to:
Post Comments (Atom)
-
March 11 is the anniversary for the Fukushima Daiichi disaster of 3 nuclear meltdowns, at least one melt through, and a fire in at least ...
-
Wall Street Aristocracy Got $1.2 Trillion From Fed By Bradley Keoun and Phil Kuntz - Aug 22, 2011 5:19 AM MTMon Aug 22 12:19:08 GMT 2011 ht...
-
Controlling the public mind was prioritized and operationalized scientifically in the 20th century: Edward Bernays (1928) Propaganda: “The ...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.