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Wealth and Inequality in America - 15 Facts

US Politics & Gov't  (tags: economy, inequality, wealth, income, wealth distribution, social mobility, tax )

- 2773 days ago -
The gap between the top 1% and everyone else hasn't been this bad since the Roaring 20's... poor Americans have a SLIM CHANCE of rising to the upper middle class..income tax is getting lower and lower for the rich...

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patricia lasek (317)
Monday November 15, 2010, 5:52 am
Actually, an awful lot of middle class America is the new poverty class.

Kit H (173)
Monday November 15, 2010, 12:05 pm
True, patricia! Rich Amercans keep investing and outsource jobs overseas. They are the ruling class and push the rest with less and less.

Carrie B (306)
Monday November 15, 2010, 1:58 pm
Soon there will be no middle class.

Kit H (173)
Monday November 15, 2010, 2:26 pm
We invest less and less in education. Investment infrasture is virtually putting in a haul for years. Often, infrasture is not maintained, eg. the collapse of bridges, paved roads return to rubble. The rich amass the great wealth with all the tax breaks, tax loopholes, finacial bubbles, only for the purposes of self-enriching. For the creation of even greater wealth, they invest in foriegn countries under unfair trading conditions. The whole globe is under the scheme of the rich elites to extract profit for themselves.

Kit B (276)
Monday November 15, 2010, 2:43 pm
Fewer high school graduates, means more low paying jobs or no jobs and greater risk of alcohol and drugs or gangs which in turn equals higher crime rates paid for in higher taxes. The inequality in salaries has been progressing for thirty years now. The current manipulations of the market and highly diverse incomes is not by chance by the natural outcome (predictable) of less regulation on business, banks and Wall Street. Tax everyone at the same rate and no loop holes for the wealthy. Use the income for rebuilding our infrastructure, including schools and level out the disparity in schools. No child should be punished by a school that is on a financial shoe string because the parents are poor, while a couple of miles away children get the best public education because of higher taxes. More equal education provides for more opportunity and less crime.

We as a society must stop worshipping the wealthy.

Kit H (173)
Monday November 15, 2010, 3:00 pm
You cannot currently send a star to Kit B. because you have done so within the last week.

chris b (2474)
Monday November 15, 2010, 3:12 pm
Sadly there is nothing surprising in the statistics which are mirrored in the UK and elsewhere. The wealthy are only wealthy because they were born to wealth or created their wealth on the backs of others thus their position is of no more acclaim than that of the common thief!

Quinie L (10)
Monday November 15, 2010, 5:38 pm
Frightening statistics. And at the rate we're going, I can only see it getting worse.

Sandra C (19)
Monday November 15, 2010, 7:43 pm

Evelyn Z (300)
Monday November 15, 2010, 7:45 pm
Noted. Thanks Kit & Carrie for fwd

Thomas C (116)
Monday November 15, 2010, 11:26 pm
It's the rich that get the pleasure and the poor that get the blame and it's the same the whole world over and ain't that a bleeding shame! With apologies to the writer of that song for borrowing their words!

Norm C (74)
Tuesday November 16, 2010, 12:35 am
Where did America go? It sure isn't here anymore.

Why are we still pretending that "free trade" is something other countries practice? Why are we allowing the CEOs to steal the salary increases they deserve because they earned them from their employees? Why are we allowing the banks to gamble with their customers' money? Why did we think that the rich would think and act for the good of the country? Why did we eliminate at responsibility from corporations? Why do let corporations live forever if they have no responsibility to the society that created them?

KS Goh (0)
Tuesday November 16, 2010, 4:47 am
Thanks for the article.

Victoria B (36)
Tuesday November 16, 2010, 6:18 am


Thomas H (37)
Tuesday November 16, 2010, 6:35 am
Let's see...Plutocracy or Theocracy. Conservatives have chosen apparently.

Great article and graphics!

Tuesday November 16, 2010, 6:56 am
Great article and graphics!:))

Teresa W (782)
Tuesday November 16, 2010, 11:31 am
thank you

Nancy Wood (1)
Tuesday November 16, 2010, 2:57 pm
I was just looking for this information this morning; does anyone know where we might find charts that have been updated through 2010? The working class and small businesses are still the backbone of America. Why is it not obvious to more people that supporting them is the way back to economic prosperity? The wealthiest 2% are not working 98% harder than the rest of us, so it's not a matter of hard work pays off.

Kit H (173)
Tuesday November 16, 2010, 3:30 pm

You may find something helpful here:,25907,27102,27552&sugexp=ldymls&xhr=t&q=income+inequality+usa+2010&cp=25&pf=p&sclient=psy&


Kit H (173)
Tuesday November 16, 2010, 3:32 pm
Where has all the income gone? Look up.
Lawrence Mishel
March 3, 2010
By Lawrence Mishel

The 400 American households with the highest incomes also have enjoyed a much faster pace of income growth than the vast majority. And, because tax rates applied to their income have fallen by a third, their after-tax incomes grew substantially faster than their pre-tax incomes. The figure looks at inflation-adjusted pre-tax and after-tax income growth for the 400 top-income families between 1992 and 2007, based on new data recently released by the Internal Revenue Service. It shows that while pre-tax income grew by a staggering 409% over that 15-year period, after-tax income increased even more, by 476%.

More on graph and text:

Kit H (173)
Tuesday November 16, 2010, 3:48 pm
Income Inequality: Top 400 U.S. Earners See Income Rise 476% In Last 15 Years
The 400 American households with the highest incomes also have enjoyed a much faster pace of income growth than the vast majority. And, because tax...

Income Inequality Needs To be Addressed Now: Financial Times
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Income Inequality Widens, Poor Take Big Hit During Recession
WASHINGTON The recession has hit middle-income and poor families hardest, widening the economic gap between the richest and poorest Americans as rippling job layoffs...

Maria p (151)
Wednesday November 17, 2010, 8:15 am
ya know would it have been hard for the president to give the big company's a nice tax break to bring the jobs home???????and control oil and gas prices??????? no we get a health care that lots of us do not want!!!!!!! I have concluded i will buy nothing made in China!!!!!!!!

Lin Penrose (92)
Wednesday November 17, 2010, 1:53 pm
Noted & thanks Kit. Well, I am in the Poor catagory now, maybe very poor. This coming year will certainly tell.

Kit H (173)
Wednesday November 17, 2010, 5:58 pm
Soon there will be 2 Americas, the super-rich and the 3rd world.

Monica D (580)
Tuesday November 30, 2010, 1:25 am
Third world countries often have rich elites. Where is America headed? It looks like change must come, in a better direction.
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