Conclusion: The System Is Broken The overall calculations reveal that, to the best approximation: --The richest 400 individuals made an average of $750,000,000 each in 2013.--The .01% (12,000 families) made about $40,000,000 each.--The .1% (120,000 families) made about $3,600,000 each.--The rest of the 1% (1,068,000 families) made over $830,000 each.--The 2-5% (4,800,000 households) made about $300,000 each.--The 6-10% (6,000,000 households) made about $95,000 each.--The 11-20% (12,000,000 households) made about $39,000 each.--The 21-40% (24,000,000 households) made about $13,000 each.--The 41-60% (24,000,000 households) made about $4,000 each.--The 61-80% (24,000,000 households) made about $333 each.--The bottom 20% (24,000,000 households) made nothing. Capitalism is supposed to provide everyone the opportunity to benefit from our countrys productivity. But it hasnt worked that way for the past 35 years. Today only the people who already have money can increase their wealth. Congress doesnt seem to recognize, or doesnt care, that the system is horribly distorted in favor of a small group of people who need to do very little to take most of the wealth.
Posted on: Mon, 20 Jan 2014 21:12:33 +0000
Trending Topics
Recently Viewed Topics
© 2015