The filthy rich it seems are getting even richer according to one authority on wealth accumulation. The rallying cry of the Occupy Movement was that the richest 1 per cent of Americans is getting richer while the rest of us struggle to get by. That's not quite right, though. 'The bottom nine-tenths of the 1 Per cent club have about the same slice of the national wealth pie that they had a generation ago. The gains have accrued almost exclusively to the top tenth of 1 Percenters. The richest 0.1 per cent of the American population has rebuilt its share of wealth back to where it was in the Roaring Twenties.' (Bloomberg Businessweek, 3 April) RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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