Senator Bernie Sanders – In the United States today, we have the most unequal distribution of wealth and income since the 1920s. Today, the wealthiest 400 individuals own more wealth than the bottom half of America – 150 million people. Today, the six heirs to the Wal-Mart fortune own more wealth than the bottom 30 percent. Today, the top 1 percent own 40 percent of all wealth, while the bottom 60 percent owns less than 2 percent. Incredibly, the bottom 40 percent of all Americans own just 0.3 percent of the wealth of the country. According to a new study from the Federal Reserve, median net worth for middle class families dropped by nearly 40 percent from 2007 to 2010. That’s the equivalent of wiping out 18 years of savings for the average middle class family. The distribution of income is even worse. If you can believe it, the last study on this subject showed that in 2010, 93 percent of all new income created from the previous year went to the top one percent, while the bottom 99 percent of people had the privilege of enjoying the remaining 7 percent. In other words, the rich are getting much richer while almost everyone else is falling behind.
http://www.opednews.com/articles/The-American-People-Are-An-by-Senator-Bernie-San-120627-578.html
