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Response to byronius (Original post)

Thu Nov 30, 2017, 06:21 PM

3. excellent assessment...

The wealth of the top 1 percent increased by an average of $4.9 million over the past decade, while the average holdings of the bottom 99 percent declined by about $4,500. Wealth inequality is now the highest it has been since the Federal Reserve began collecting this kind of data in 1983. A full account of just how bad things have gotten is difficult to wrap one’s mind around. In 2016, according to my calculations, the top 1 percent had an average wealth of $26.6 million, while the net worth of everyone in the bottom third combined was less than zero (because of a mixture of low accumulated savings and high debt).



https://www.nytimes.com/2017/11/30/opinion/inequality-social-wealth-fund.html?em_pos=large&ref=headline&te=1&nl=opinion-today&emc=edit_ty_20171130

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Arrow 44 replies Author Time Post
byronius Nov 2017 OP
NRaleighLiberal Nov 2017 #1
Dark n Stormy Knight Nov 2017 #2
LineReply excellent assessment...
handmade34 Nov 2017 #3
Dreamer Tatum Nov 2017 #4
Irish_Dem Nov 2017 #5
world wide wally Nov 2017 #6
Name removed Nov 2017 #10
moondust Nov 2017 #7
Name removed Nov 2017 #11
Calculating Nov 2017 #8
Name removed Nov 2017 #9
Atman Nov 2017 #12
gratuitous Nov 2017 #13
A HERETIC I AM Nov 2017 #14
TexasBushwhacker Nov 2017 #16
Atman Nov 2017 #19
TexasBushwhacker Nov 2017 #31
DonCoquixote Nov 2017 #28
smirkymonkey Nov 2017 #15
TexasBushwhacker Nov 2017 #17
Steven Maurer Nov 2017 #18
Honeycombe8 Nov 2017 #20
BigmanPigman Nov 2017 #21
ThoughtCriminal Nov 2017 #22
Poiuyt Nov 2017 #26
trixie2 Nov 2017 #23
dalton99a Nov 2017 #24
burrowowl Nov 2017 #36
Farmer-Rick Nov 2017 #25
ClarendonDem Nov 2017 #29
Farmer-Rick Nov 2017 #39
TexasBushwhacker Nov 2017 #34
Farmer-Rick Nov 2017 #40
TexasBushwhacker Nov 2017 #43
Farmer-Rick Dec 2017 #44
ffr Nov 2017 #27
ClarendonDem Nov 2017 #30
TexasBushwhacker Nov 2017 #33
logosoco Nov 2017 #32
pansypoo53219 Nov 2017 #35
Hamlette Nov 2017 #37
byronius Nov 2017 #38
L. Coyote Nov 2017 #41
Name removed Nov 2017 #42
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