|
The modus operandi of the very rich
Friday, March 11th, 2011
Mar. 10, 2011
It is this ability to keep buying and keep building that marks the modus operandi of most of the billionaires on this list. It is perhaps the root of how capitalism works. Put capital to work and it begets more capital… Much has been made in recent years about the growing disparity of incomes and wealth. In the United States, for example, the top 1% of the population holds about 34% of the country’s wealth — defined as assets minus liabilities. The top 10% has about 80%, leaving 20% to the bottom 90% of the population.
Tags: economy, globalization, ideology
Posted in Equality Debates | No Comments »
Recent Comments