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USA of the 1%, by the 1%, for the 1%! Elite have 25% of the income & 40% of wealth

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joswitch

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http://www.vanityfair.com/society/features/2011/05/top-one-percent-201105

"
....The upper 1 percent of Americans are now taking in nearly a quarter of the nation’s income every year. In terms of wealth rather than income, the top 1 percent control 40 percent. Their lot in life has improved considerably. Twenty-five years ago, the corresponding figures were 12 percent and 33 percent.....In terms of income equality, America lags behind any country in the old, ossified Europe that President George W. Bush used to deride. Among our closest counterparts are Russia with its oligarchs and Iran. While many of the old centers of inequality in Latin America, such as Brazil, have been striving in recent years, rather successfully, to improve the plight of the poor and reduce gaps in income, America has allowed inequality to grow....."



Like I was saying - International banking / state-corporatism = system to redistribute wealth from the poor to the rich. And boy, does it ever work!
 

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