Monday 3 September 2012

... a fistful of horrors, 400 ...

... in fact.

The richest 400 people in the USA have a wealth that equal the wealth of the bottom 140 million people combined.

To put it into perspective, each of the 400 has the combined wealth of 350,000 citizens.

If each of the 400 wealthy few could corral these 350,000 people they would each need a city the size of New Orleans.

For a more considered opinion you might try the decline of the great American middle class by Robert Reich.

Remember the 140,000,000 are not the underbelly of a nation, they represent almost half the citizens of this powerful country.

Now my question is ...
... are not these 140,000,000 people stakeholders in the USA ?

... and when you say YES, you might like to consider ...
... the 400 have a combined wealth of $7.5 trillion, whilst the 140,000,000 share an equal amount !

Is this Justice or might it be very similar to the society of Moses in ancient Egypt

... and is it so very different here in the United Kingdom .............. I doubt it !

2 comments:

  1. Very interesting numbers there, what are your sources?

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  2. "400 people in the USA have a wealth that equal the wealth of the bottom 140 million people", the Robert Reich link, the GDP of the USA from Wiki, the remainder simple arithmetic.

    Has anything changed for the bottom of the pile in 5000 years, I doubt it !

    ReplyDelete