Thursday, June 24, 2010
Disparity
The greater the disparity in wealth between the very rich and everyone else, the more unstable an economy becomes . Our nation has now created a larger gap in distribution of wealth than the massive chasm that helped fuel the Great Depression. In 1928, one year before the global economic collapse, the wealthiest .001% of the U.S. population owned 892 times more than 90% of the nation’s citizens. Today, the top .001% of the U.S. population owns 976 times more than the entire bottom 90%.
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