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This video basically sums up the distribution of wealth throughout the US population. The distribution of wealth in other countries, like the UK, is very similar. These figures are more than a decade old. It’s even more concentrated now.

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Comments

  1. MDSVes says:

    End the fed

  2. TheCodeWright says:

    @sgapplebee I think it’s a fair generalization. Do you have a value to assign to huge? A source to back up the claim? And even if some acquired a large inheritance, that doesn’t preclude the possibility that they continued to earn further wealth.

  3. avionicswirenut says:

    How old is this vid…..I will bet current numbers are a bit different….The rich are getting richer and the poor are pretty much fucked….Change that we can believe in…

  4. sgapplebee says:

    @TheCodeWright ,

    I’m a capitalist through and through; however, the statement “Wealth is earned not acquired” is way too much of a generalization. A huge percentage of the people who have wealth, DID NOT “earn” it, but acquired it.

  5. TheCodeWright says:

    @kristinwhite84 Well if you’re just looking for handouts then I can see why you are frustrated. The only one responsible for ones education, success, failure or security is one’s self. I don’t know who these 3 families are you speak of but I have no doubt that they didn’t spring into existence as wealthy. One person, at least, took risks and actions that accumulated wealth for themselves. And I dare say, for many others with whom they were acquainted. Wealth is earned not acquired.

  6. kristinwhite84 says:

    @TheCodeWright A culture of “richness” won’t get you a generous business loan or a decent social safety net if/when you fail the first time. A culture borne of education won’t actually pay for one’s education. A culture that derives from knowledge of money won’t be very easy to instill when that family has no assets and no connections to put it in practice. The bottom 40% of households average less than 3k per household in wealth – less than the combined assets of the 3 wealthiest families!

  7. TheCodeWright says:

    @kristinwhite84 Is it so hard to understand that a child born to rich parents might instill in that child the behaviors and attitudes that made them rich? And vice/versa for the poor? This “vicious cycle” can only be overcome through education and cultural shifts. There is a culture of poorness and it is this barrier that needs to be found and eradicated in order to effect any change to the disparity in wealth depicted in this video. Breeding envy and hatred will not change a thing.

  8. kristinwhite84 says:

    @TheCodeWright “Rich people tend to do things that make them richer”. Well, if being born is a thing that people do, then you are right, b/c the vast majority of the super-rich came from upper-middle class or upper class families to begin with. It’s the “vicious cycle”. The idea that a wealth inequality as large as the one above would occur in a society with uniform education and uniform inheritances is rather ridiculous. There is no “internal wellspring” of merit. It all comes from without

  9. dogfight156 says:

    this looks like it was put together in the 70′s. sadly, the more things change the more they stay the same…

  10. Hyena62 says:

    Makes one want to be part of the top 1%, doesn’t it?

  11. HardCoreProgrammer1 says:

    that is because the 1% at the top made the most effort in pursuing their career

  12. TheCodeWright says:

    This video makes no point. So the top 1% own more than the bottom 90%. And? What do you want to do? Seize money from the rich and give it to the “poor”? And, if you did that, would it solve anything? In time the current ratio would return. That’s because rich people tend to do things that make them richer and poor people tend to do things that make them poorer. Furthermore, that top 1% is occupied by the likes of Bill Gates, Warren Buffett and other super rich people and that skews the results.

  13. mikemalibu1 says:

    It figures some bottom 90%er,defends the rich scum! Trust me you idiot,your life sucks! Take your heated pool and shove it up your non union,bottom 90% ass!

  14. OtakuRebel says:

    The bottom 90% isnt’ exactly a good reference point for the 28%. Anyone over the 60 percentile is pretty well off. But even then. That’s leaves over half the country with less than 10%. It’s still pretty bad, and bottlenecks the economic flow of money.
    I don’t give a shit about taxes. Pay people more. Then the lower and middle class can actually afford to contribute more to taxes without selling a kidney to get by.

  15. Logicalpoots says:

    @Aeronomer Fanned and favorited! Oh wait! Wrong site! Are you suggesting “class warfare”?! Oh my goodness! Oh my goodness! : P Sincerely, a fellow douche.

  16. Aeronomer says:

    @Logicalpoots I suspect it was meant to make all of us non-rich types righteously angry that there are people out there with bigger bank accounts than us. But I’m not sure…I’m just a douche, whaddya want?

  17. Logicalpoots says:

    @Aeronomer Douchey douchey douche douche…douche douche! : P Hey, this is kinda’ fun! (Oh, by the way, we’re in agreement on whether the facts presented here really mean anything as stated, but that’s not as much fun!)

  18. Aeronomer says:

    @Logicalpoots Ultra-mega-butthurt. LOL. What a douche…

  19. Logicalpoots says:

    @Aeronomer I was obviously kidding! Hence the ” : P ” which stands for “Hey! I’m just kidding!” So, to sum it all up, no, saying “And???” doesn’t make you a douche. Getting ultra-mega-butthurt for me kidding around is what makes you a douche. See the difference? : P

  20. Aeronomer says:

    @Logicalpoots I’m a douche for saying “And???” I think that pretty much makes you the douche. Douche.

  21. Mattothee says:

    @tadpole256 And I’m happy for yours. We’ll see how long it lasts though, those bankers are acting more greedy by the day..

  22. tadpole256 says:

    @Mattothee How is it exactly that the bottom 90% is being screwed? I am in the bottom 90%, and my quality of life is pretty fucking amazing. I have everything I want and more, I have 2 cars, a big beautiful home, a heated pool, a lovely wife and a son on the way… I have everything I have EARNED and I’ve never asked for or accepted a hand-out. So how is it that I am being screwed because there are people more successful than me? I applaud their success.

  23. Logicalpoots says:

    @Aeronomer I don’t know, you’re a douche? : P

  24. Aeronomer says:

    And???

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