Right now, four in 10 Americans can’t come up with $400 in an emergency.
Two out of 10 Americans have either no financial assets at all, or they owe more than they own.
Over 70 million workers make less than $25,000 a year,
The federal minimum wage is less than the cost of living in every major city in the country.
The top 1 percent according to a new study in the Quarterly Journal of Economics, pulls in at least $458,000 a year.
The top 0.001 percent pulls in over $47 million.
While the 1% fly first class to fancy hotels on exotic vacations, the other flies in their private jets to mansions they own on islands they also own.
Two out of 10 Americans have either no financial assets at all, or they owe more than they own.
Over 70 million workers make less than $25,000 a year,
The federal minimum wage is less than the cost of living in every major city in the country.
The top 1 percent according to a new study in the Quarterly Journal of Economics, pulls in at least $458,000 a year.
The top 0.001 percent pulls in over $47 million.
While the 1% fly first class to fancy hotels on exotic vacations, the other flies in their private jets to mansions they own on islands they also own.
2 comments:
These economic statistics, together with the many other social and economic statistics of the United States – the highest per capita prison population in the world, the highest number of people shot dead by police, the highest amount of military spending (more than the next 10 countries put together) the highest number of drug addicts, the highest number of children shot dead in schools, the highest number of military bases abroad (800 + The next highest is France with 10. China has one.) the highest number of obese people, the country which has engaged in the highest number of military conflicts (201 out of the 228 since WWII) and so on – demonstrates beyond doubt the validity of the claim to ‘United States Exceptionalism’; but not in the way that the nationalist pundits would like to think. The United States has for a very long time been a rogue state. It is headed towards a failed state unless it manages to reverse some of these exceptional statistics. Ever more rampant capitalism will not. Socialism could.
These economic statistics, together with the many other social and economic statistics of the United States – the highest per capita prison population in the world, the highest number of people shot dead by police, the highest amount of military spending (more than the next 10 countries put together) the highest number of drug addicts, the highest number of children shot dead in schools, the highest number of military bases abroad (800 + The next highest is France with 10. China has one.) the highest number of obese people, the country which has engaged in the highest number of military conflicts (201 out of the 228 since WWII) and so on – demonstrates beyond doubt the validity of the claim to ‘United States Exceptionalism’; but not in the way that the nationalist pundits would like to think. The United States has for a very long time been a rogue state. It is headed towards a failed state unless it manages to reverse some of these exceptional statistics. Ever more rampant capitalism will not. Socialism could!
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