From: Huffington Post
How Americans Think About Wealth
The Huffington Post:
OK, so I confess I woke myself up at 3:45 a.m. to watch the royal wedding, and I thoroughly enjoyed it. Who doesn’t like a good fairy tale? But in order to savor the spectacle, I had to temporarily suppress my discomfort in the face of such opulence. Behind the fairy tale is some of the most obscene wealth inequality in the world.
And it’s not just England. Wealth inequality is at historic highs in the U.S. as well, with some estimates suggesting that 1 percent of Americans control nearly half the nation’s wealth. Or to put it in starker terms, the bottom 20 percent of Americans hold a measly one-tenth of 1 percent of everything – -real estate, stocks, bonds, art, anything of value.
Read the whole story: The Huffington Post
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