|credit: Nate Beeler, Columbus Post Dispatch|
Wackydoodle sez: My card jis sez "Don't pass GO"
* The exhaustive study by French economist Thomas Picketty, Capital in the 21st Century, shows that in the United States there is an extreme concentration of national wealth in the hands of the top 10% of the population (the upper class). They own 70% of the nation's wealth compared to the bottom 50% (the lower class) that owns only 5% of capital. If the population of the US is about 300 million that means 3,000,000 wealthy people own more than 10 times what the poorest 150 million American's own. The ownership figure for the top decile is probably closer to 72% since wealth is self-reported. If the capital accumulation trend continues, by 2030 the rich could own upwards of 90% of capital, a level of inequality not seen since the Belle Epoch of Europe.