'"> ');

Author Topic: The rich get richer and poor get poorer in the US  (Read 7869 times)

0 Members and 1 Guest are viewing this topic.

Denny Crane

  • New Member
  • *
  • Posts: 23
  • Country: us
  • Always Win - Always will
The rich get richer and poor get poorer in the US
« on: October 26, 2011, 11:05:11 am »
The Occupy Wall Street movement is understandable.
In the US, 16.5% of the population are without work and 6.2 million have been looking for a job for six months.
More than 40 million people are on food stamps.

In addition, America has a great wealth inequality; the 400 most wealthy Americans have a greater combined wealth than the bottom 150 million Americans - the top 1% being richer than the bottom 90%.
In addition, between 2002 and 2007, 65% of the economic gains went to the richest 1%.

In 2010, 25% of the top 100 CEOs took home more than their companies paid in corporate income tax.

However such wealth and income inequality may inhibit on growth.
A recent study of 65 industrial countries indicates that those nations with a greater inequality of income experience a slower growth than those with countries where incomes are more equal.
If you need a lawyer to get you off, I'm your man. If you don't, the offer is still good!
It's all good
DENNY CRANE - Names on the door