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Larry Dighera wrote:
The chilling documentary film "Orwell Rolls in His Grave" examines the relationship between the media, corporate America, and government. In a country where the "top 1% control 90% of the wealth", ... SNIP And that is a BS number. http://sociology.ucsc.edu/whorulesam...er/wealth.html The Wealth Distribution In the United States, wealth is highly concentrated in a relatively few hands. As of 2001, the top 1% of households (the upper class) owned 33.4% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 51%, which means that just 20% of the people owned a remarkable 84%, leaving only 16% of the wealth for the bottom 80% (wage and salary workers). In terms of financial wealth, the top 1% of households had an even greater sha 39.7%. Table 1 and Figure 1 present further details drawn from the careful work of economist Edward N. Wolff at New York University (2004). |
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