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15 Mind-Blowing Facts About Wealth And Inequality In America - Magda Hassan - 08-05-2010 15 Mind-Blowing Facts About Wealth And Inequality In America By Gus Lubin May 07, 2010 "SFGate" -- Real average earnings have not increased in 50 years The rich are getting richer and the poor are getting poorer. Cliché, sure, but it's also more true than at any time since the Gilded Age. The poor are getting poorer, wages are falling behind inflation, and social mobility is at an all-time low. The gap between 1% and everyone else hasn't been this bad since the roaring Twenties Source: The Nation Half of America has only 2.5% of the wealth Source: Institute for Policy Studies Half of America has only 0.5% of the stocks and bonds Source: Institute for Policy Studies Look at the gap grow! Source: Professor G. William Domhoff The last two decades were great... except for American workers Real average earnings have not increased in 50 years But savings rates are sinking Poor Americans have a SLIM CHANCE of rising to the upper middle class Source: NBER Republican tax cuts have significantly increased the gap Source: Taxes get better and better for the rich America spreads the wealth FAR LESS than other developed countries America's income spread is nearly twice the OECD average Source: Economist The gap is NOT growing in many countries, like France Inequality is worst around Wall Street and Oil Land If you aren't in the top 1%, then you're getting a bum deal Now read... 20 Cities That Have Completely Missed The Recovery 15 Mind-Blowing Facts About Wealth And Inequality In America - Ed Jewett - 08-05-2010 Ah, but Magda... what we lack in wealth we more than make up for in love, in being grounded, in service, in our humanity. Let them eat gold and oil. We have soul cake. http://www.youtube.com/watch?v=oKNKJVqbim8 15 Mind-Blowing Facts About Wealth And Inequality In America - John Kowalski - 09-05-2010 Magda: Here is a link to a website which describes the effects of inequality on people. Richard Wilkinson is co-author with Kate Pickett of The Spirit Level and was featured a few days ago on TVO's The Agenda with Steve Paikin. The show discussed the effects of economic inequality on the population. Here is a link below to the equality trust which has an interview with Wilkinson. John http://www.equalitytrust.org.uk/why/evidence 15 Mind-Blowing Facts About Wealth And Inequality In America - Magda Hassan - 09-05-2010 Thanks for that John. A very interesting read. There sure are a million reasons why greater equality is a good thing for all of us.