“It is the 0.01% who are really getting ahead in America”…
The 16,000 families making up the richest 0.01%, with an average net worth of $371m, now control 11.2% of total wealth—back to the 1916 share, which is the highest on record. Those down the distribution have not done quite so well: the top 0.1% (consisting of 160,000 families worth $73m on average) hold 22% of America’s wealth, just shy of the 1929 peak—and exactly the same share as the bottom 90% of the population.
Of course, red-blooded conservative real Americans can just ignore this propaganda shit. It’s something from “The Economist” which has got to be just some lefty socialist rag…
Wait…what? Oh.
Yeah, but they’re from England. Buncha homos!
Free exchange: Forget the 1% | The Economist.
Back to the Root 