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Forum Post: “In 1992, the top 10th …. controlled 20 times the wealth controlled by the bottom half. By 2010, it was 65 times.” NYT

Posted 2 years ago on Nov. 23, 2012, 9:35 a.m. EST by factsrfun (6286) from Phoenix, AZ
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“In 1992, the top tenth of the population controlled 20 times the wealth controlled by the bottom half. By 2010, it was 65 times.” NYT

This talks about wealth verses income they are quite different, the 1% want you to focus on income. The real tragedy is how few Americans can pass anything on to their heirs, while the 1% (and their footmen, you know who you are…) want you to fear economic collapse if those with billions are impeded from establishing their Kingdoms.

http://www.nytimes.com/2012/11/19/opinion/to-reduce-inequality-tax-wealth-not-income.html

The bottom line here is that we should reward work not birth.

Here Forbes offers a rebuttal, but offers no solution to the obvious problem that excessive wealth inequality occurring at an increasing rate is unsustainable.

Could it be that Forbes looks forward to the full restoration of Monarchy?

http://www.forbes.com/sites/berniekent/2012/11/20/what-a-wealth-tax-and-lindsay-lohan-have-in-common/

Here CNN covers the story:

http://edition.cnn.com/video/#/video/bestoftv/2012/11/21/exp-erin-taxing-the-wealth-to-reduce-inequality-and-avert-fiscal-cliff.cnn?iref=allsearch

Update: here's a good interactive site to explore these topics, from a comment:

http://stateofworkingamerica.org/who-gains/#/?start=1981&end=2008