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Forum Post: Joseph Stiglitz - Nobel Prize Winner's new Book

Posted 12 years ago on June 14, 2012, 4:22 p.m. EST by uhandleit (43)
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Joseph Stiglitz, nobel prize winning economist, has a new book out "The Price of Inequality " . He states that the gap between the wealthy and middle class is getting larger and larger and it is the largest gap than any Industrialized Country in the World Further he states that it inhibits economic growth in our Country. Good Read

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[-] 2 points by MattLHolck (16833) from San Diego, CA 12 years ago

American Pie:Wealth and Income Inequality in America

No matter how you slice it, when it comes to income and wealth in America the rich get most of the pie and the rest get the leftovers. The numbers are shocking. Today the top 1 percent of Americans control 43 percent of the financial wealth (see the pie chart below) while the bottom 80 percent control only 7 percent of the wealth. Incredibly, the wealthiest 400 Americans have the same combined wealth as the poorest half of Americans -- over 150 million people.

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