"David" <[email protected]> wrote: > Some years ago I did the arithmetic for Australia. The wealth of the top one > per cent if spread around the bottom 10 per cent of households was > sufficient to buy each of the latter a modest suburban home and a small > family car. Things have gotten worse since then and probably more so in > America.
The data for income is easier to obtain, and some confuse income and wealth. Joshuakennon.com gives the following limits for wealth: 1 out of 25 households have $1 million or more 1 out of every 39,015 households have $100 million or more 1 out of every 314,700 households have $1 billion or more I guess that puts the upper 1% to start somewhere between 6 and 9 million. -- Ron
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