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MASKING SAVES LIVES

Sunday, December 03, 2006

Who Rules America?

"The Wealth Distribution

"In the United States, wealth is highly concentrated in a relatively few hands. As of 2001, the top 1% of households (the upper class) owned 33.4% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 51%, which means that just 20% of the people owned a remarkable 84%, leaving only 16% of the wealth for the bottom 80% (wage and salary workers). In terms of financial wealth, the top 1% of households had an even greater share: 39.7%. Table 1 and Figure 1 present further details drawn from the careful work of economist Edward N. Wolff at New York University (2004).

Found on Marxmail.org discussion list. As the listee says, the author of the book "Who Rules America" is not a marxist or socialist. He has great displays of this very interesting financial info, though.

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