19 Mar

A good visual depiction of how we distribute the wealth in America.

Data Driven Viewpoints

Who Owns What In America?
Imagine lining up everyone in America according to what they own, starting with those who own nothing and continuing down the line to those who own a lot.  Now divide that line of people into five equally long segments.  Each segment would include 20% of the total population, or about 61.7 million people.  Next, add up the total amount of what everyone owns in each segment.  The result is represented by the pie chart below.  The whole pie represents the total wealth in America.  The size of each slice represent the ratio of how much each segment owns of America’s wealth.  The slice of ownership for the poor and working poor are barely visible.  80% of all Americans own just 15.6% of America’s wealth.

The number of people who slipped into poverty in 2010 is an all time high of 46.2 million, so the poorest 20%…

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3 Responses to “”

  1. samsorbo March 19, 2013 at 2:44 pm #

    Yes… where outcome is more important than input. Equality of results eliminates drive, motivation, and the will to succeed. Try it in your classroom. Did you ever do grade redistribution? Your students would have screamed at you! The only reason there is disparity of outcome in the US is from fairness of opportunity. Redistributing the wealth necessarily will destroy freedom. That’s too high a price to pay. Ultimately, what’s fair is that everyone have their own shot at success.m (And those who argue that it’s not fair because it’s rigged, well, you’re right – but that answer to that is LESS regulation – LESS government, because any move in the other direction produces… slavery to the system.)

  2. onnovocks March 19, 2013 at 3:34 pm #

    History repeats itself,….again.

  3. gpicone March 19, 2013 at 7:49 pm #

    Hmmmmm didn’t we have slavery back when we had no regulations at all?

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