Wednesday, September 14, 2011

Wealth in the US




According to Ron Paul's website:
Top 1% own 38.1%
Top 96-99% own 21.3%
Top 90-95% own 11.5%
Bottom 40% of population has 0.2% of all wealth

These figures indicate that 10% of the US population own 70.9% of the wealth.  At present time our political system supports and is facilitating this income distribution.

While I am definitely not a socialist, what does this say about our society?   I hear it often that the poor just are people who do not want to work.  There are jobs out there.  If they would just go to work for McDonald's they would do better.  However, these statistics indicate that the wealth of this country is already taken and the rest of us have to share in the remaining 29.1%.

Politically, I don't understand the 90% of the population who are so supportive of the policies facilitating this distribution of wealth.  If I were to believe in conspiracy type theories, I would wonder of the media has somehow taken control of our minds.  It does not make sense to me that these individuals would be so supportive of those who have seized the wealth of the nation.  Wall Street manipulators, responsibile for the recent financial crisis, for example have done quite well in the past few years while most in the US have struggled to pay their bills.  It would seem to me that if anything our policies would want to err on the side of the poor.  Even if we would increase their wealth by say 500%, they would then only have 1.0% of the overall wealth, hardly a number that would threaten the wealthy.

Washington is concerned about the national debt.  You would think they would focused on those who have the most resources to address this debt.  Yet, they instead turn to we, the 90%, who can least afford it.  Even if the government took the entire wealth of the lowest 40% it would not solve the problem.  They simply do not have enough.

I guess I just don't get it.  I am clueless.

No comments:

Post a Comment