U.S. Income Inequality Higher Than Roman Empire's Levels, page

But eh, everything is fine. Trickle down economics and all.

U.S. Income Inequality Higher Than Roman Empire's Levels: Study

Many tout the U.S. as the Roman empire of the modern world. But as it turns out, that comparison may not be all good.

Income inequality in America is at levels even higher than those in ancient Rome, according to a recent study from two historians, Walter Schiedel and Steven Friesen, cited by Per Square Mile. After analyzing papyri ledgers, biblical passages and other previous scholarly estimates, the researchers found that the top one percent of earners in Ancient Rome controlled 16 percent of the society's wealth. By comparison, the top one percent of American earners control 40 percent of the country's wealth, according to Vanity Fair. (h/t ThinkProgress)

The findings add to the growing chorus of studies and criticisms indicating that the wealth gap is hitting truly remarkable levels. The top one percent saw their incomes rise by 275 percent between 1979 and 2007, according to the Congressional Budget Office, while the bottom fifth of earners only saw their incomes grow by 20 percent during that same period.

In addition, the total net worth of the bottom 60 percent of Americans is less than that of the Forbes 400 richest Americans. Perhaps even more shocking, the six heirs to the retail giant Walmart had the same net worth in 2007 as the bottom 30 percent of Americans. And the phenomenon isn't just limited to the U.S. -- income inequality is on the rise in most of the world's major economies, according to the Organisation of Economic Development and Cooperation.

And that isn't enough wealth for the banksters. They want it ALL.

reply to post by Vitchilo

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Just a wacky thought to throw out here; does this show a heightened attempt at control and ownership OR is this an indicator of the complacency of the rest of the populace?

Is it greed or is "Dancing With The Stars" just too darned interesting to actually go out and innovate and create?

reply to post by beezzer

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jewish banker greed and jewish run hollywood bamboozling the mob.

reply to post by beezzer

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Good point, I was just going to say, the romans didnt have tv's to keep them sleeping. And they didnt have a structure to keep people in line... jail for the mind.

reply to post by beezzer

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Complacency?
No, I would definitely say not. Americans work damned hard. They always have. This new myth of a decline in American work ethic is false and almost insulting. There used to be a time in which workers were given more benefits and better pay in relation to the buying power that they once had. People used to not buy so much, spend so much, and worry so much. I would say that a couple of decades ago that people in America were more complacent. In today's America, this is definitely not the case. Individuals want more of the pie, and they fight harder for it. Companies and Businesses give out less benefits and lower wages in relation to buying power so that the individuals on top and the owners can make a huge overhead profit. Everyone wants a piece of the pie nowadays and the sad fact is, many can't have it. It's not from a lack of trying, it's just the way things are due to the "gimmie" culture that we have cultivated from capitalism. All ism's have their flaw, and this is the great flaw of capitalism...the "gimmie" syndrome. Everyone wants a piece of a limited pie, so most people with no real power or control get a smaller piece.

Things will continue on this way unless we change. I do hope that we change.

reply to post by Dbriefed

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So I should... go invest in the slot machine that is the stock market?
Open a bank, invest in foreign debt and then steal $1,200,000,000 from my customers?
Print up false documents about investments and get suckers to let me "invest" their money in my lifestyle?
Set people up with loans that I know they cannot afford while paying myself ludicrous bonuses?

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