Wealth Inequality in America

politizane


   


 

Published on Nov 20, 2012

Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.

References:
http://www.motherjones.com/politics/2...
http://danariely.com/2010/09/30/wealt...
http://thinkprogress.org/economy/2011...
http://money.cnn.com/2012/04/19/news/...

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Business Insider More: Features Inequality

THE NEW AMERICA: 3 Million Overlords, 300 Million Serfs

Henry Blodget

Nov. 29, 2013, 3:16 PM 145,714 126

One of the most disturbing trends in this country is the rise of extreme wealth and income inequality.

As the following charts show, America is rapidly becoming a country of a few million overlords and 300 million serfs.
Unfortunately, this issue has been politicized, which means that people don't think about the implications of it — they just start yelling.
But extreme inequality is bad for everyone, even the overlords.
Why?
Because when inequality gets bad enough, serfs can't afford to buy products from overlords. This hurts the overlords' ability to get even richer.
And that's what's wrong with the American economy right now. The serfs are tapped out. The overlords are responding by cutting costs (firing serfs), to increase profits. Unfortunately, one person's "costs" are another person's "wages," so this is making the problem worse.

Read More Here

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