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The top 5 percent own more than half of all wealth.
In 1998, they owned 59 percent of all wealth. Or to put it another way, the top 5 percent had more wealth than the remaining 95 percent of the population, collectively.
The top 20 percent owns over 80 percent of all wealth. In 1998, it owned 83 percent of all wealth.
This is a very concentrated distribution...
...Wolff: The bottom 20 percent basically have zero wealth. They either have no assets, or their debt equals or exceeds their assets. The bottom 20 percent has typically accumulated no savings.
A household in the middle — the median household — has wealth of about $62,000. $62,000 is not insignificant, but if you consider that the top 1 percent of households’ average wealth is $12.5 million, you can see what a difference there is in the distribution...
The richest 2 percent of adults in the world own more than half the world's wealth, according to a new study released by the Helsinki-based World Institute for Development Economics Research of the United Nations University.
When a man tells you that he got rich through hard work, ask him: 'Whose?' Don Marquis US humorist (1878 - 1937)
Originally posted by Andrew E. Wiggin
Barack Obama didnt call for Mandatory anything.
I'd file a complaint and ask that a mod change the title to something less "trollish"
Originally posted by flyindevil
To graduate in my school district, you have to do 40 hours of volunteer service.
Originally posted by gnosis111
I do not support Obama or McCain for that matter, but I fail to see the problem here. We have a duty to support our fellow man as human beings. Yes there might be an alternate directive like having us do the governments work, but to have high school and college students be required to help the community and such should be encouraged if not mandantory, especially if they are on a full ride scholarship or mommy and daddy paid for it.
I'll wait and see what transpires, but so far it sounds fine with me.