from results of a study published in the New York times
%26quot;And what it says is that the United States of America today has by far the most unequal distribution of wealth in the entire industrialized world. And the article says that:
Recent studies show that rather than being an egalitarian society, the United States has become the most economically stratified of industrialized nations. Even class societies like Britain, which inherited large differences in income and wealth over centuries, going back to their feudal past, now have greater economic equality than in the United States.
Then the article goes on to say:
Federal Reserve figures from 1989, the most recent available, show that the wealthiest 1 percent of American households, with net worth of at least $2.3 million each, own nearly 40 percent of the Nation%26#039;s wealth.
That in contrast to Britain where the richest 1 percent only own 18 percent of the wealth. So in other words, we are now living in a country from which the richest 1 percent own 40 percent of the wealth, which is more wealth than the bottom 90 percent
the reality is that since 1973, four-fifths, 80 percent of the American workers have experienced falling or stagnant real incomes.
Since 1973, for production workers, there has been a 20-percent decline in real wages.%26quot;
And it is probably worse than when this was written 0% 0 Votes
I don%26#039;t think they went through with the idea. I don%26#039;t know.
I really liked frflyer%26#039;s answer! He%26#039;s right on the money! It%26#039;s why we%26#039;ll never succeed against other serious issues like wars and resource management (Global Warming) 0% 0 Votes
Another large group of homeless are simply people who have had illness, lost jobs or other misfortunes. They would benefit from temporary housing and vocational training.
My wife and I help feed about 200 homeless every week, so we are right there on the front lines and know the situation. For many of them it is the way they choose to live.
We have been 2 weeks from being homeless once ourselves. It was not the fault of any rich people, it was due to 9/11 destroying our new business. In fact several of our customers were very wealthy and spent a lot of money with us, just not enough to stay in business.
Those families who were rich three generations ago are now just well off and many who were born to poorer families are now rich. The 1% of the population that owns 40% of the wealth is not always the same people, they are constantly changing. Bill Gates of Microsoft has more money than most countries, yet his father was a lawyer and his mother was a schoolteacher, firmly middleclass, and not wealthy. 0% 0 Votes
there is one where i live in hull called the warren 0% 0 Votes
i knwo its the same old line, but if we didnt go to war. the money spent in one day could build enough cheap accomodation to house people.
