Obama toasts Poppy Bush: 'We are surely a kinder and gentler nation because of you'

[Octafish]

110. True. And the rich keep getting richer.

And their bank accounts and holdings are at historic highs with no sign of trickle down - and it's been 32 years now.

The Wealth Distribution

In the United States, wealth is highly concentrated in a relatively few hands. As of 2010, the top 1% of households (the upper class) owned 35.4% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 53.5%, which means that just 20% of the people owned a remarkable 89%, leaving only 11% of the wealth for the bottom 80% (wage and salary workers). In terms of financial wealth (total net worth minus the value of one's home), the top 1% of households had an even greater share: 42.1%. Table 2 and Figure 1 present further details, drawn from the careful work of economist Edward N. Wolff at New York University (2012).

SOURCE:

http://www2.ucsc.edu/whorulesamerica/power/wealth.html