Posted on Nov 10, 2014
American Wealth - Top 0.1% about to overtake bottom 90%
2.66K
3
1
2
2
0
This is the first time since 1929 this has happened.
Wait... there is something familiar about that year...
http://www.economist.com/blogs/graphicdetail/2014/11/daily-chart-2
Wait... there is something familiar about that year...
http://www.economist.com/blogs/graphicdetail/2014/11/daily-chart-2
Posted 10 y ago
Responses: 1
SFC (Join to see) Thanks for posting--I do appreciate the use of academic/journalistic reference, so often lacking here on RallyPoint. Not sure your comparison between 1929 and 2014 is spot-on, but your point (and the article's point) about wealth disparity is well taken. Soaring consumer debt weakens the middle-class, and the super-rich are super-rich without "building businesses" or anything concrete (ie, Zuckerberg and Paris Hilton, as referenced in the article, and bit unfair to both, as what these two have built, besides fortune, could arguably be seen as concrete).
(1)
(0)
Read This Next