How is Wealth Distributed in the United States?
It is well known by both the political right and left and all in the middle, that a strong country is based on a strong middle class.
This video shows the ideal and the actual distribution of wealth in the United States.
If this video is true then we have some thinking to do.
The video talks about the ideal distribution of wealth. What we believe as Americans, is the true distribution of wealth and then it shows what it reports as the true distribution and it claims that it is a little known fact that both Republicans and Democrats, when asked about what the ideal wealth distribution should be, come up with surprisingly similar ideas about the the ideal distribution of wealth. What?!
So if this is true then why can’t we see eye to eye on anything? Maybe it is because
we have no real concept of the truth about the current distribution of wealth in this country.
It may be time for everyone on both sides to start questioning everything.
The term wealth inequality refers to the unequal distribution of financial assets among a group of people. In the U.S., the top 20 percent of people have 85 percent of the wealth. Harvard professor Michael Norton, co-author of a forthcoming paper on misconceptions about wealth equality, talks to Steve Inskeep about what Americans think they know about wealth inequality. [READ MORE]
I particularly think this graph is interesting since it shows the house and senate as broken down by class. It shows that the top 1% vs the bottom 80% is represented in complete reverse to the numbers of persons in these two classes.
This graph is interesting taken from Facts about China: RICH, POOR & INEQUALITY (China Mike’s 100% verified, no B.S. China facts.
The graph shows and the part of the story talks about China wealth inequality and states that in the mid 2000s, China’s top 10% of the population controlled 45% of the wealth.
According to the video above, this is where the trend is leading in the United States. This could mean that in the not to distant future we may be able to finally compete with China in the manufacturing markets as we will have created a very cheap labor force of people below the poverty line or the government will have to step in to build a federal work program or bigger safety net or maybe even a hammock for the impoverished.
Makes you think.