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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?


To: tonto who wrote (142259)10/21/2008 2:51:35 PM
From: PartyTime2 Recommendations  Read Replies (3) | Respond to of 173976
 
>>>The Wealth Distribution
In the United States, wealth is highly concentrated in a relatively few hands. As of 2001, the top 1% of households (the upper class) owned 33.4% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 51%, which means that just 20% of the people owned a remarkable 84%, leaving only 16% of the wealth for the bottom 80% (wage and salary workers). In terms of financial wealth, the top 1% of households had an even greater share: 39.7%. Table 1 and Figure 1 present further details drawn from the careful work of economist Edward N. Wolff at New York University (2004).<<<

sociology.ucsc.edu

I think Obama is familiar with the above and his efforts to clean up Bush's mess will take into account all of the above. McCain certainly won't consider any of the above, will he?