Summary:
Over 50% of all wealth in the US is inherited not earned I got waylaid putting together a very detailed post about how the newly-widened Panama Canal is disrupting the internal US transportation network. When it goes up at Seeking Alpha, I’ll link to it. In the meantime, here is something that I found a week or two ago for you to chew on. Over half of all US wealth is not earned but inherited: Click on picture to enlarge. According to a report summarized recently in the Washington Post, “The wealthiest 1 percent of American households own 40 percent of the country’s wealth.” It’s likely that about 25% of all wealth in the US is inherited of the top 1%. I strongly suspect the relationship is even more egregious at the level of the top 0.1% and top
Topics:
NewDealdemocrat considers the following as important: US/Global Economics
This could be interesting, too:
Over 50% of all wealth in the US is inherited not earned I got waylaid putting together a very detailed post about how the newly-widened Panama Canal is disrupting the internal US transportation network. When it goes up at Seeking Alpha, I’ll link to it. In the meantime, here is something that I found a week or two ago for you to chew on. Over half of all US wealth is not earned but inherited: Click on picture to enlarge. According to a report summarized recently in the Washington Post, “The wealthiest 1 percent of American households own 40 percent of the country’s wealth.” It’s likely that about 25% of all wealth in the US is inherited of the top 1%. I strongly suspect the relationship is even more egregious at the level of the top 0.1% and top
Topics:
NewDealdemocrat considers the following as important: US/Global Economics
This could be interesting, too:
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Over 50% of all wealth in the US is inherited not earned
I got waylaid putting together a very detailed post about how the newly-widened Panama Canal is disrupting the internal US transportation network. When it goes up at Seeking Alpha, I’ll link to it.
In the meantime, here is something that I found a week or two ago for you to chew on. Over half of all US wealth is not earned but inherited:
Click on picture to enlarge.
According to a report summarized recently in the Washington Post, “The wealthiest 1 percent of American households own 40 percent of the country’s wealth.”
It’s likely that about 25% of all wealth in the US is inherited of the top 1%. I strongly suspect the relationship is even more egregious at the level of the top 0.1% and top 0.01%.
It’s hard to argue that the US is at all a meritocracy when the starting points are so distorted.