Friday, September 24, 2010

Americans Vastly Underestimate Wealth Inequality

Americans vastly underestimate the degree of wealth inequality in America, and we believe that the distribution should be far more equitable than it actually is, according to a new study.

Americans thought the richest 20 percent of our society controlled about 59 percent of the wealth, while the real number is closer to 84 percent."

So income redistribution is in full effect. We're setting up the rich to get richer. Not because they work harder, a field worker works hard, but because they have countless tax break and tax shelter options to keep more of their wealth.

A visual representation: if you took the yearly income of an average person in the United States, which is around $50,000, and stacked it in $100 bills, it would measure 1.6 inches off the ground.

Bill Gates' $50 billion is 31 miles high. That's over three times the height of Mount Everest. The stratosphere ends 30 miles above the Earth's surface.

Sickening how America targets those with so little.

Posted via email from liberalsarecool.com

2 comments:

Fidel Castro said...

I agree 100%.

You have to be patient and give Obama's wealth redistribution policies time.

Capitalism has really dug a hole in the United States for the past 200 years.

Douglas Vicenzi said...

Fidel, you may be critical of Obama. His tax cuts for 95% of America upsets you. You think he is trying to take your "wealth" and give it to someone else.

Fact is, Bush did take your wealth and you have no idea. Bush left you with a bill for 2 wars, his tax cuts, his 2 rebate checks, and his new Plan D entitlement program: all were unpaid for.

So please stand there and explain how that capitalism helped you.

Pure capitalism does not exist. It is always regulated capitalism that works. Look up the word anti-trust, then suck a dick.