Tuesday, July 10, 2012

Income Inequality = Hoard the wealth

  • In 1985 there were only 13 billionaires in the U.S. Today there are more than 1,000.
  • The richest 1% of Americans control more than 33% of the total wealth, their wealth is now greater than the bottom 90% of Americans. (Federal Reserve Surveys of Consumer Finance.
  • Who makes millions and billions? Entrepreneurs, hedge fund managers, private equity partners, real estate developers and corporate executives.