Re: Occupy Seattle!

#736308

TDe
Participant

5 things to know about the wealthiest 1% of America: http://finance.yahoo.com/blogs/daily-ticker/top-5-facts-america-richest-1-183022655.html

#1) The Top 1% Owns 40% of the Nation’s Wealth:

Nobel Laureate Joseph Stiglitz points out the richest 1% of Americans now own 40% of the nation’s wealth. This disparity is much worse than it was in the past, as just 25 years ago the top 1% owned 33% of national wealth.

How much does the bottom 80% own? Only 7%.

#2) The Top 1% Take Home 24% of National Income:

While the richest 1% of Americans take home almost a quarter of national income today, in 1976 they took home just 9% — meaning their share of the national income pool has nearly tripled in roughly three decades.

#3) The Top 1% Own Half of the Country’s Stocks, Bonds and Mutual Funds: The Institute for Policy Studies illustrates this massive disparity in financial investment ownership, noting that the bottom 50% of Americans own only 0.5% of these investments.

#4) The Top 1% of Americans Have Only 5% of the Nation’s Personal Debt:

Using 2007 figures, sociologist William Domhoff points out that the top 1% have 5% of the nation’s personal debt while the bottom 90% have 73% of total debt.

#5) The Top 1% Are Taking In More of the Nation’s Income Than at Any Other Time Since the 1920s: Not only are the wealthiest 1% of Americans taking home a tremendous portion of the national income, but their share of this income is greater than at any other time since the Great Depression, per the Center for Budget and Policy Priorities – http://www.cbpp.org/cms/index.cfm?fa=view&id=2908