Vox
Gold Member
- Jun 17, 2013
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I have been told it causes crime, gun violence, and is unfair. I say that it isn't a problem and that life ain't fair.
Anyone want to tell me why I am wrong?
Well, there's income inequality and then there's wealth disparity. When the top 10% of the nation owns more wealth than the bottom 90% combined, there is something wrong. No country can long stand with such a disparity of wealth.
except you are wrong.
WEALTH inequality in the US.
it has not changed much since 1922:
Table 4: Share of wealth held by the Bottom 99% and Top 1% in the United States, 1922-2010.
Year Bottom 99% Top 1%
1922 63.3% 36.7%
1929 55.8% 44.2%
1933 66.7% 33.3%
1939 63.6% 36.4%
1945 70.2% 29.8%
1949 72.9% 27.1%
1953 68.8% 31.2%
1962 68.2% 31.8%
1965 65.6% 34.4%
1969 68.9% 31.1%
1972 70.9% 29.1%
1976 80.1% 19.9%
1979 79.5% 20.5%
1981 75.2% 24.8%
1983 69.1% 30.9%
1986 68.1% 31.9%
1989 64.3% 35.7%
1992 62.8% 37.2%
1995 61.5% 38.5%
1998 61.9% 38.1%
2001 66.6% 33.4%
2004 65.7% 34.3%
2007 65.4% 34.6%
2010 64.6% 35.4%
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