The New Royalty In America
Posted By thestatedtruth.com on July 20, 2010
Source:Â Institute for Policy Studies
The above shows a solid plutocracy is already here. Wealth is the key issue. As many people are now finding out simply having a massive home with a jumbo mortgage and a leased foreign car is no sign of wealth. In fact, that can be taken from you quickly (and it is by the number of foreclosures and repossessions we are witnessing). But true wealth is actually owning the stock, or share of ownership in companies in the U.S.
“The above chart shows that half of all stock wealth is concentrated with the top 1 percent. In fact, over 90 percent of Americans in the lower rungs own roughly 9 percent of all the stock wealth. The stock market is largely a game for the rich and jobs are largely a game for the rest of us.â€
More:Â http://www.mybudget360.com/
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