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rulemylife -> RE: Will This Be Us........ (3/4/2011 12:00:57 PM)
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quote:
ORIGINAL: hlen5
and if so, how soon do you think?
http://www.washingtonpost.com/ac2/wp-dyn/A42332-2002May31
It already is.
In this sprawling nation of 170 million, sociologists call it the price of social inequity. Brazil has one of the most marked disparities of wealth in the world, with the richest 10 percent of the population controlling more than 50 percent of the wealth, while the poorest 10 percent control less than 1 percent. The disparity is particularly visible in Sao Paulo, a financial and commercial capital where many of Brazil's richest people live and work.
Who Rules America: Wealth, Income, and Power
The Wealth Distribution In the United States, wealth is highly concentrated in a relatively few hands. As of 2007, the top 1% of households (the upper class) owned 34.6% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 50.5%, which means that just 20% of the people owned a remarkable 85%, leaving only 15% of the wealth for the bottom 80% (wage and salary workers). In terms of financial wealth (total net worth minus the value of one's home), the top 1% of households had an even greater share: 42.7%.
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