Contributors

Tuesday, March 15, 2011

Hmmm.....

400 people in our country control 1.37 trillion dollars in wealth. The bottom 60 percent of our population control about 1.26 trillion in wealth. What goes through your head when you see figures like this?

4 comments:

Haplo9 said...

Multiple things:

1. *groan*
2. Odd that Mark uses the word "control" rather than "own". He's not doing something stupid like saying "GE net worth is $48 billion, so lets count the CEO as "controlling" that $48 billion!" is he?
3. Total of all US household wealth was ~44 trillion in 2000. So I'm not sure what that 2.63 trillion of wealth is referring to.
4. OMG! The federal budget is ~3 trillion, and it's controlled entirely by 535+100+1=636 people! What goes through your head when you see figures like this Mark??

GuardDuck said...

What goes through your head when you see figures like this Mark??


That would depend on who those people are....

juris imprudent said...

What goes through your head when you see figures like this?

That you are more envious of how much the 400 have, as opposed to the condition of the bottom 60%.

Not to mention that the Kennedy clan, who have failed to produce anything of value since Prohibition are probably one of those 400.

rld said...

Last in line was correct - it is happening everywhere.

http://www.miamiherald.com/2011/03/15/2117129/9-of-10-say-yes-to-ousting-alvarez.html

Guess the people don't like property tax increases, 11 percent raises to mayoral staff who are making $200,000 a year, sending county employees on paid leave who are then spotted campaigning for the mayor during their paid "leave", after they wrote the mayor a check for $25k.

People are waking up.