Disparity Over Time

God bless the USA…

trastorn:

Disparity of Wealth

In 1933, the wealthiest one percent of the population held 33.3 percent of the wealth. In 1974, the wealthiest one percent held 19.9 percent of the wealth.
In 2007, the wealthiest one percent held 65.4 percent of the wealth.

In 1933, the bottom 90 percent held 66.7 percent of the wealth.
In 1974, the bottom 90 percent held 80.1 percent of the wealth.
In 2007, the bottom 90 percent held 34.6 percent of the wealth.

Federal Tax Rates (after custom-made individual deductions)

1974 Capital gains tax rate: 35 percent
1950 Highest marginal tax rate: 90 percent

2005 Capital gains tax rate: 15 percent
2005 Highest marginal tax rate: 34 percent

Average Real Income Change 1973-2000

Average real income of bottom 90 percent: -7 percent
Average real income of top 1 percent: + 148 percent
Average real income of top 0.1 percent: + 343 percent
[4]

Average Amount of Wealth Held by Persons: 2009 Census

Single Black Women: $100
Single Hispanic Women: $120
All White Men: $43,800
All White Women: $41,500
All Black Men: $7,900

Amount of Wealth Held by Families: 2009 Census

1986 Black Family Wealth: $2,000
2009 Black Family Wealth: $5,000
1986 White Family Wealth: $22,000
2009 White Family Wealth: $100,000

Full-Time Minimum Wage, Adjusted for Inflation

1968: $18,262
2004: $10,712

Source

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What do these numbers mean to you? Do the top 1% not have enough? Do the poor have too much?

Sickening.

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