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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTen Numbers the Very Rich Would Like Fudged
http://www.alternet.org/economy/ten-numbers-rich-would-fudged1. Only THREE PERCENT of the very rich are entrepreneurs.
According to both Marketwatch and economist Edward Wolff, over 90 percent of the assets owned by millionaires are held in a combination of low-risk investments (bonds and cash), personal business accounts, the stock market, and real estate. Only 3.6 percent of taxpayers in the top .1% were classified as entrepreneurs based on 2004 tax returns. A 2009 Kauffman Foundation study found that the great majority of entrepreneurs come from middle-class backgrounds, with less than 1 percent of all entrepreneurs coming from very rich or very poor backgrounds.
2. Only FOUR OUT OF 150 countries have more wealth inequality than us.
In a world listing compiled by a reputable research team (which nevertheless prompted double-checking), the U.S. has greater wealth inequality than every measured country in the world except for Namibia, Zimbabwe, Denmark, and Switzerland.
(There are the first two! - more at link)
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Ten Numbers the Very Rich Would Like Fudged (Original Post)
gollygee
Nov 2012
OP
Fortinbras Armstrong
(4,473 posts)1. I can't get the link to work
gollygee
(22,336 posts)2. Sorry
It automatically switched to the mobile link for me - I think I've fixed it.
http://www.alternet.org/economy/ten-numbers-rich-would-fudged
Smilo
(1,944 posts)3. Link is working now (thanks OP) and this is a very well laid out article
no wonder they want to keep us "peons" uneducated and poor.