ext_3219 (
ysabetwordsmith.livejournal.com
) wrote
in
ysabetwordsmith
2011-02-25 05:36 am (UTC)
Re: It's the top 0.5 to 5%, not 20%
The proportion I see most often is that the top 20% of people own 80% of the wealth, and the bottom 80% own 20% of the wealth.
http://multinationalmonitor.org/mm2003/03may/may03interviewswolff.html
Some estimates are even more extreme:
http://salemsage.newsvine.com/_news/2010/06/06/4471117-20-of-americans-own-93-of-american-wealth-and-they-should-all-get-tax-cuts
And yes, the top 5% own more than half; the top 1% own about a third.
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Re: It's the top 0.5 to 5%, not 20%
http://multinationalmonitor.org/mm2003/03may/may03interviewswolff.html
Some estimates are even more extreme:
http://salemsage.newsvine.com/_news/2010/06/06/4471117-20-of-americans-own-93-of-american-wealth-and-they-should-all-get-tax-cuts
And yes, the top 5% own more than half; the top 1% own about a third.