clarence swinney
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Sun Oct-24-10 03:52 AM
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NCOME DISTRIBUTION
TOP 1% 1976--8.9% 2007---23.5% 1928---23%
Net worth Forbes 400—2007—1.5 TRILLION Net worth Poorest 50%-2007---1.6 Trillion
Minimum wage--$7.25 per hour Ceo Chespeake Energy--$27,034.74 per hour
Average hourly wage inflation adjusted—1972--$20.06 Average hourly wage inflation adjusted----2008--$18.52
“Real” after-tax income growth 1979-2008 Bottom quintile to top—11%-18-21-32-86-112%-(Top 5% 143%—Top 1% 256%) Change Family Income growth 1947-1979 Bottom quintile to top---+116%-100-111-114-99-86%
1945-1979 was Equitable Distribution 1980-2008 was Third World Distribution
Harvard and Duke Universities made a survey of 5000 people. They showed the Wealth held by the richest 20% and middle 20% of population in two nations. One was labeled A one B. 92% chose A.
In A the distribution was 20% had 36% of wealth—middle 20% had 15%--60% had 49% In B the distribution was 20% had 84% of wealth---middle 20% had 4%----60% had 12%
Which would you choose?
A=Sweden B=United States of Inequality
clarence swinney olduglymeanhonest mad madmad political historian lifeaholics of america burlington nc author-Lifeaholic—Life story of how to achieve success by working for a Life not just a living Dr Norman Wiggins President Campbell University-”Every student should have this book” clarence swinney “Darn right”
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B Calm
(1000+ posts)
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Sun Oct-24-10 06:08 AM
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It's a race to the bottom.
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TBF
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Sun Oct-24-10 07:07 AM
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DU
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Mon May 13th 2024, 01:28 AM
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