June
2017
Friday, August 21, 2015
Robert Reich, RobertReich.org
Submitted by: Editor

Comprehending The Richest .01 Percent

16,000 people hold 11 percent of the entire nation's wealth.

[Reich] We’re talking about 16,000 people, each worth at least $110 million.

One way to get your mind around this is to compare their wealth to that of the average family. In 1978, the typical wealth holder in the top .01 percent was 220 times richer than the average American. By 2012, he or she was 1,120 times richer.

These are the people buying your democracry from under your feet. 

Posted by Editor on 08/21/15 at 07:06 PM •  (0) Comments

Share Your Ire

blog comments powered by Disqus
Vile Quotes

"America does not have an aristocracy or a plutocracy."
Art Pope

graphic