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  • there's a chart asar recently that i can't get out of my head

  • a harvard business professor and economist passed more than

  • five thousand americans

  • how they thought well was distributed in the united states

  • this is what they said they thought it was dividing the country fireproof

  • groups at the top

  • bottom and middle three twenty percent groups

  • they asked people how they thought the wealth in this country was divide

  • any ask them

  • what they thought was the ideal distribution

  • in ninety two percent

  • that's at least nine out of ten of them

  • said it should be more like this

  • in other words

  • more equitable than they think it is

  • now that practice telling admittedly

  • the notion that most americans know that the system is already skewed unfairly

  • to what's most interesting to me

  • is the reality compared to our perception

  • the ideal is is far removed from our perception of reality

  • as the actual distribution is from what we think exists in this country

  • ignore the ideal for a moment

  • she was really think it is again

  • and hear is the actual distribution

  • shockingly scheme

  • not only to the bottom twenty percent and the next twenty percent the bottom

  • forty percent of americans

  • barely have any of the twelfth i mean it's hard to even see them on the chart

  • but the top one percent

  • has more of the country's wealth

  • then nine out of ten americans believe the entire top twenty percent should

  • have

  • mind-blowing

  • but let's look at it another way because my father struck kind of difficult to

  • wrap my head around

  • instead let's reduce the three hundred eleven million americans to

  • just a representative

  • one hundred people

  • make it simple

  • here they are

  • teachers coaches

  • firefighters construction workers engineers doctors lawyers some

  • investment bankers to c_e_o_ media celebrities

  • mellissa line them up according to their wealth

  • poorest people on the left wealthiest on the right justice steady wrote folks

  • based on their networks

  • will color code them like we did before based on which twenty percent quintile

  • they fall into

  • now let's reduce the total wealth of the united states which was roughly fifty

  • four trillion dollars in two thousand nine

  • to this symbolic pile of cash

  • sisters among our own s wells pure socialism all the wealth of the country

  • distributed equally

  • we all know that won't work

  • we need to encourage people to work and work hard

  • to achieve that goal american dream and keep our country moving forward

  • here's that might be your

  • cast point about

  • something like this occurs

  • this isn't too bad we've got some incentive as the wealthiest folks are

  • now about ten to twenty times better off

  • in the poorest americans

  • but hey even the poor folks aren't actually poor since the poverty line has

  • stayed almost entirely off the chart we have a super helping middle-class but

  • this man

  • transition into wealth and yes republicans and democrats alike chose

  • this curve

  • nine out of ten people ninety percent

  • said this was a nice ideal distribution of america's well

  • but let's move on

  • this is what people think america's wealth distribution actually looks like

  • thought as equitable clearly

  • but for me

  • even this still looks pretty great

  • yes the poorest twenty to thirty percent are starting to suffer quite a lot

  • compared to the ideal

  • and the middle class is certainly struggling more than they were while the

  • rich in wealthier making roughly a hundred times that of the poorest

  • americans in about ten times that of the still healthy middle class

  • sadly this isn't even close to the reality

  • here is the actual distribution of wealth in america

  • the poorest americans don't even register

  • they're down to pocket change

  • in the middle class is barely distinguishable from the poor

  • in fact even the rich between the top ten and twenty percent i'll are worse

  • off

  • all the talk in person are better off and how much better off

  • so much better off at the top two two five percent

  • are actually off the chart this scale

  • and the top of one percent

  • this guy

  • what his stack of money stretches ten times higher than we can show

  • dishes stack of cash respect all by itself

  • this is the top one percent we've been hearing so much about

  • so much green in his pockets that i have to give him a whole new column of his

  • own because he won't fit on my chart

  • one percent of america has

  • forty percent of all the nations well

  • the bottom eighty percent

  • eight out of every ten people or eighty out of these hundred

  • only has seven percent between them and this only gotten worse in the last

  • twenty to thirty years

  • while the richest one percent

  • take home almost a quarter of the national income today

  • in nineteen seventy-six they took home only nine percent

  • meaning their share of income is nearly tripled in the last thirty years

  • the top one percent owned half the country stocks bonds and mutual funds

  • the bottom fifty percent of americans own only half a percent these investment

  • which means

  • they aren't investing

  • they're just scraping bottom i'm sure many of these wealthy people that worked

  • very hard for their money do you really believe that the c_e_o_ was working

  • three hundred eighteen times harder his average employees but not its lowest

  • paid employees not the janitor

  • but the average earners company the average worker needs to work more than a

  • month

  • to return with the c_e_o_ makes in one

  • we certainly don't have to go all the way to socialism

  • to find something that is fair for hard working americans

  • we don't even have to achieve what most of us consider might be ideal

  • all we need to do his wake up

  • in reliance that the reality in this country

  • but that's not all

  • what we think it

there's a chart asar recently that i can't get out of my head

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Shocking Viral Video Shows the Extent of U.S. Wealth Inequality. Get a Reality Check on the Economy!

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    Bill Yu posted on 2013/04/11
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