The top 1% of Americans own 42% of the financial wealth in this country. The top 5%, meanwhile, own nearly 70%.
Business Insider:
Inequality in this country has hit a level that has been seen only once in the nation's history, and unemployment has reached a level that has been seen only once since the Great Depression. And, at the same time, corporate profits are at a record high.
In other words, in the never-ending tug-of-war between "labor" and "capital," there has rarely—if ever—been a time when "capital" was so clearly winning.
Continue reading here.
Thursday, October 13, 2011
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