A little math lesson for the 99% [View all]

A little math lesson for the 99%
| May 20, 2012 | 8:47 pm | Action

by James Thompson

It is well-known that the top 1% control 42% of financial wealth in this country. What does this mean for the 99%? This brief paper will be a quick and simple look at this from the perspective of the 99%.

In 2009 the estimated total net family household wealth for the entire country was $54.2 trillion. The population of the United States was 305 million in 2009. Let’s talk about equitable wealth distribution.

As indicated above, this is a very simple analysis. If you do the simple math and divide $54.2 trillion by 305 million people, that would mean there should be $177,049.18 for every man woman and child in this country in 2009 ...

More here: http://houstoncommunistparty.com/a-little-math-lesson-for-the-99/