>From Thom Hartmann's blog: Today - America has wealth inequality levels higher than at any other time since right before the Great Depression. In other words - the rich have a lot more money than everyone else. The problem is - most Americans have no idea just how unequal this nation is. Looking at a new study out of Duke and Harvard Universities - the vast majority of Americans incorrectly guessed that the top 20% of richest Americans own roughly 60% of the wealth - the real figure is that they own more like 84% of the wealth.
And when respondents were asked how much wealth the top 20% SHOULD own - 92% of respondents turned out to be complete SOCIALISTS - preferring a wealth distribution like Sweden where the top 20% only own 36% of the wealth. Again, that's 92% of respondents preferring a Swedish economic model to the American model. So why is it that Republicans refuse to budge on raising taxes for millionaires and billionaires just a few points to 38% - whereas in Sweden - the top income tax rate is 56%? Americans have been duped for too long by the Republican Party - and today - the truth about wealth inequality in America is becoming so glaringly painful that it can't be ignored any longer. -Thom
