When the rich are too rich, something is wrong

 

 

 

 

Chart of wealth distribution in the United States (1920-2005)

Look at the great resemblance between current situation in US, in terms of wealth distribution, and 1920s situation. According to a study by Thomas Piketty of the Paris School of Economics and Emmanuel Saez of the University of California at Berkeley, after a prolonged period of economic prosperity, both in the late 20s as in the recent last years, 20% of national income has been concentrated in 1% of the richest people. In contrast 90% of the U.S. population with the lowest income only account for 50% of total national income.

Perhaps, when the imbalance becomes excessive, more than 20% of total national income from only 1% rich population,  it’s a clear signal that something doesn’t works. Too many excesses have been committed.

 http://investorsconundrum.com/english_edition/2008/12/when-the-rich-are-too-rich-something-is-wrong/

 

 

 

 

 

 

 



 

 

 



 










 


 











 



 


 



 


 


 




 


 


 




 


 


 


 



 


 

 



 

 



 

 

 


 "The income of the top 1 percent nearly quadrupled from 1979 to 2007, but the typical family’s incomes barely budged.”


 http://www.theprogressivesinfluence.com/2013/07/income-disparity-and-sad-politifact.html