Thursday, November 21, 2013

An Economic Cancer: The Top 1% Earns More Than the Bottom 50%

An Economic Cancer: The Top 1% Earns More Than the Bottom 50%
"In America today, the top 1 percent owns 38 percent of our country's financial wealth. The bottom 60 percent owns 2.3 percent. The increasing wealth inequality in the United States has become the great moral issue of our time.
In America today, one family, the Walton family of Wal-Mart, owns more wealth than the bottom 40 percent, and the top 400 individuals have more wealth than the bottom half of our country -- over 150 million people."