Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

xchrom

(108,903 posts)
Mon Nov 10, 2014, 07:48 AM Nov 2014

America and Russia's Richest Lead the World In Sucking Up Wealth from the Rest of Us

http://www.alternet.org/america-and-russias-richest-lead-world-sucking-wealth-rest-us

1. Kochs and Waltons Took $6.6 Billion of National Wealth -- In Less Than Two Months

We live in a society that allows great portions of its national wealth to go to people who pollute our air and water while blocking any attempts to change their dirty business; or to people who pay their workers so little that average citizens have to use their tax money to provide food.


2. 43 People (It Was 47 Last Month) Own As Much As Half of America

It was recently reported that just 47 individuals in the U.S. own more than all 160 million Americans (about 60 million households) below the median wealth level of about $53,000.

3. American Exceptionalism: $50 Million a Year

They certainly don't want to advertise their good fortune, but 12,000 families around the country have been pulling in anywhere from $40 million to $60 million a year from their post-recession investments. Over 100,000 families have made $4 million per year.


4. The Median American Net Worth Is Further from the Top Than in Any Other Country except Russia

The numbers are here, and the meaning is that American wealth has been sucked away from the middle to a greater extent than in any major country except Russia.
Latest Discussions»General Discussion»America and Russia's Rich...