July 31, 2006

Wealth Gap and Guillotines

I told a friend, "Did you know that the top 1% of wealthy Americans hold 33.4% of all US wealth?" She said, "It doesn't surprise me."

I continued, "And the bottom 90% hold less than one-third of the wealth. That means the top 10% hold over two-thirds of the wealth."

Her quip? "Makes ya think of guillotines doesn't it? I mean, we've just replaced the titles of nobility."

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