Quote:
Originally Posted by litesong
.....employer & CEO suppression of the poor. Such be NOT the way of Heaven, & such can NOT be the way of countries deep in wealth, when wealth's benefits are withheld from the poor.
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Article on wealth concentration AND suppression of the poor:
https://www.wsws.org/en/articles/201.../zucm-f15.html
Excerpts from the article:
.... the top 1 percent in the US now owns about 40 percent of total household wealth, increasing its share by at least 10 percentage points since 1989. Over the same period “the share of wealth owned by the bottom 90 percent has collapsed in similar proportions.”
The acceleration is even more marked in the highest income levels. The share of wealth owned by the top 0.00025 percent (roughly the 400 richest Americans, according to Forbes Magazine data), rose from 1 percent in the early 1980s to over 3 percent in recent years. A similar tripling of wealth is seen in the top 0.01 percent.
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More data in the article......