I find the following statement hard to believe. G William Domhoff states that in the United States, wealth is highly concentrated in a relatively few hands. As of 2007, the top 1% of households (the upper class) owned 34.6% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 50.5%, which means that just 20% of the people owned a remarkable 85%, leaving only 15% of the wealth for the bottom 80% (wage and salary workers). In terms of financial wealth (total net worth minus the value of one's home), the top 1% of households had an even greater share: 42.7%.
Add on top of this that the United States controls 80% of the world's wealth and this 20% controls 85% of that wealth. Wow!
http://sociology.ucsc.edu/whorulesamerica/power/wealth.html
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Um, if you listen to conservative talk radio they say that President Obama is into wealth redistribution. However, I'm pretty sure he isn't that into wealth redistribution because he is wealthy. Show me the MONEY (thank you Jerry Maquire!
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