Alarming Statistic of the Day
…the top 20% of the US wealth distribution actually controls nearly 85% of total wealth; people think the top 20% controls under 60%; and they think it should control just over 30%. Similarly: people feel that the bottom 20% of the economic pyramid “should” have about 10% of the total pie; they think it actually has about 3% or 4%; in fact, its share appears to be too small to show up on the chart.
They say that admitting you have a problem is the first step to recovery. So here goes: My name is Innocent Smith and I live in an oligarchy.