Fido, Obama democrats talk of leveling the playing field and making thing equal for everyone. They lie.
They are actually attempting to make the dumbmasses equally miserable while they increase their wealth and power at our expense.
Other then France just before the French revolution name me one major country in the world that have the top two percent owning half the wealth of the nation.
Somehow the theory that the wealthy by pissing down on us will result in better lives for the rest of us seem not to had work out as they move the wealth and jobs off shore for better returns.
Whether or not you consider the following to be "major" countries, their wealth disparity is greater than America's
How about the world?
Other disparities can be better appreciated when rich individuals (or corporations) are compared against poor individuals. According to some estimates, for instance:
"The richest 1 percent of people in the world receive as much as the bottom 57 percent, or in other words, less than 50 million richest people receive as much as 2.7 billion poor." (Milanovic 2002, p. 50)
The three richest people possess more financial assets than the poorest 10% of the world's population, combined .
As of May 2005, the three richest people in the world have assets that exceed the combined gross domestic product of the 47 countries with the least GDP, (calculation based on data from list of countries by GDP (PPP) and list of billionaires) (Annan, 1998)
The three richest people in the world?
1) Carlos Slim Helu - Mexico
2) William Gates - USA
3) Warren Buffet - USA
Of course Gates and Buffet are in the process of giving away most of their fortunes. Not sure about Buffet, but Gates funds a number of international projects - Maybe he should keep his charity closer to home?
BTW - Here are the next seven on the list:
4) Mukesh Ambani - India
5) Lakshmi Mittai - UK
6) Lawrence Ellison - USA
7) Bernard Arnault - France (Must be a a descendant of the aristocracy!)
8) Eike Batista - Brazil
9) Amancio Ortega - Spain
10) Karl Albrecht - Germany
More billionaire fun facts:
There are 937 of them
Michael Bloomberg (NY Nanny Mayor) is #23
Charles Koch (right-winger) is #24
George Soros (left-winger) is #34
Silvio Berlusconi (president of Italy) is #73
Rupert Murdoch (fox news devil) is #117
And the US is not the only culprit!
The major component of the world's income inequality (the global Gini coefficient) is comprised by two groups of countries (called the "twin peaks" by Quah ).
The first group has 13% of the world's population and receives 45% of the world's PPP income. This group includes the United States, Japan, Australia, Germany, France (damn! those frogs are still at it! ) and the United Kingdom, and comprises 500 million people with an annual income level over 11,500 PPP$.
The second group has 42% of the world's population and receives only 9% of the world PPP income. This group includes India, Indonesia and rural China, and comprises 2,100 million people with an income level under 1,000 PPP$. (See Milanovic 2001, p. 38).
And as for the poor US "Poor"...
"An American having the average income of the bottom US decile is better-off than 2/3 of world population." (Milanovic 2002, p. 50)