[extropy-chat] Tax Burden Gap

[Samantha Atkins]

Please clarify a bit.  What are we including as "wealth" in the 
statements below?  Is it a static model of "wealth"?

- samantha

On Aug 17, 2004, at 10:58 AM, Damien Broderick wrote:

> At 11:42 AM 8/17/2004 -0500, Kevin wrote:
>
>> It's always been my impression that the wealthiest Americans 
>> represent such
>> a small portion of the nation that the middle class has always 
>> carried the
>> burden.
>
> Look at some data.
>
> http://multinationalmonitor.org/mm2003/03may/may03interviewswolff.html
>
> < In the United States, the richest 1 percent of households owns 38 
> percent of all wealth. >
>
>
> <MM: What portion of the wealth is owned by the upper groups?
>
> Wolff: The top 5 percent own more than half of all wealth.
>
> In 1998, they owned 59 percent of all wealth. Or to put it another 
> way, the top 5 percent had more wealth than the remaining 95 percent 
> of the population, collectively.
>
> The top 20 percent owns over 80 percent of all wealth. In 1998, it 
> owned 83 percent of all wealth.
>
> This is a very concentrated distribution. >
>
> Whether this is a good or bad thing is another matter.
>
> Damien Broderick
>
>
>
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