By 2004, the wealthiest 10 percent of households held 70 percent of total wealth, and the combined net worth of the top 1 percent of families was larger than that of the bottom 90 percent. In fact, the top 1 percent took home more than 22 percent of total national income, up from 10 percent in 1980 (see Figure 9, Top One Percent of Earners). And these disparities are felt far beyond one’s bank statement as several studies have found a direct correlation between health outcomes and personal income.
Thursday, February 26, 2009
US Budget Overview
I've barely started looking over this (pdf). The historical information is very enlightening. It is conceivable that the information presented is propaganda. We'll see what response the document gets, but I think it will be ignored. Anyhow, here is a quote and handy chart speaking to wealth information you've probably already heard (bold & italics mine).
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