Liz, do not forget that the 'lower' flat ~10% means 1000 times the wealth of the average family, the lately surpassed ~20% *2000 times of the AVERAGE possession of US FAMILIES*. (Example: a specialty worker with ~$50.000 pay owns a house and chattel - say $60-70.000 total value and a retirement nest egg ~30,000. In the TOTAL average that counts for 0,3 -0.4 part (calculate the 'total' at an average wealth figure of $3-400,000 - accordingly the 0.1% owns $6-800 million. That is criminally stingy. The 0.1% is an order of magnitude higher. Which triggers the following dilemma:
Speaking of averages: does anybody have a guess whether that 0.1% is INCLUDED into the overall average, or is it only calculated above it? Furthermore: how does it compare to the combined(?) wealth(??) of the payroll-earning working class? Does it come up to a difference in the million range? Now * T H AT* is inequality. On Wed, Apr 1, 2015 at 1:02 AM, LizR <lizj...@gmail.com> wrote: > Notice it started to go up around the Reagan-Thatcher era, when the rich > decided they were scared by the freedom of the swinging sixties and that it > was time to return to Victorian values. Which we've practically returned > to, by the looks of that graph. > > By the way, SciAm have something possibly even more horrific on the > subject of poverty and the effects you suffer should you happen to have the > bad luck to be born poor... > > > http://www.scientificamerican.com/article/poverty-shrinks-brains-from-birth1 > > > > > On 1 April 2015 at 17:26, meekerdb <meeke...@verizon.net> wrote: > >> The SciAm article doesn't even begin to describe how great the >> inequality is. Like most statistical presentations it divides the >> population into quintiles. But that hides the fact that is not the to 20 >> to 1 percentile that hold the wealth, it is the tope 1% and even just the >> top 0.1% >> >> >> >> >> http://www.voxeu.org/article/exploding-wealth-inequality-united-states >> >> Brent >> >> >> >> >> http://www.scientificamerican.com/article/economic-inequality-it-s-far-worse-than-you-think/ >> >> >> >> -- >> You received this message because you are subscribed to the Google Groups >> "Everything List" group. >> To unsubscribe from this group and stop receiving emails from it, send an >> email to everything-list+unsubscr...@googlegroups.com. >> To post to this group, send email to everything-list@googlegroups.com. >> Visit this group at http://groups.google.com/group/everything-list. >> For more options, visit https://groups.google.com/d/optout. >> > > -- > You received this message because you are subscribed to the Google Groups > "Everything List" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to everything-list+unsubscr...@googlegroups.com. > To post to this group, send email to everything-list@googlegroups.com. > Visit this group at http://groups.google.com/group/everything-list. > For more options, visit https://groups.google.com/d/optout. > -- You received this message because you are subscribed to the Google Groups "Everything List" group. To unsubscribe from this group and stop receiving emails from it, send an email to everything-list+unsubscr...@googlegroups.com. To post to this group, send email to everything-list@googlegroups.com. Visit this group at http://groups.google.com/group/everything-list. For more options, visit https://groups.google.com/d/optout.
