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 <[email protected]> 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 <[email protected]> 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 [email protected]. >> To post to this group, send email to [email protected]. >> 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 [email protected]. > To post to this group, send email to [email protected]. > 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 [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/everything-list. For more options, visit https://groups.google.com/d/optout.
