Published on Real-World Economics Review Blog, by Peter Radford, April 16, 2014.
Buried somewhere in the pile of stuff I have accumulated as I think about inequality are these statistics:
- Of all the income generated between 2009 and 2011 in the US 121% went to the top 1% of income earners
- The top 1% owns just over half of all investment assets including 64.4% of all bonds
- And, the bottom 90% incurs 72.5% of all debt
Think through the consequences of these numbers. Continuer la lecture de « Class Based Economics »