Inequality Delusion

The Inequality Delusion

Americans think the U.S. has more income equality than it has.
They want it to be even fairer.

"Americans think they live in a far more equal country than they do. On average those surveyed estimated that the wealthiest 20 percent of Americans own 59% of the nation's wealth: In reality the top quintile owns around 84%. The respondents further estimated that the poorest 20 percent own 0.1 percent."

"People dramatically underestimated the the extent of wealth inequality in the US... and they wanted it to be even more equal".

"The government's primary tool for reducing wealth and income equality is taxation. During the Eisenhower years the top marginal rate was over 90 percent for income over $400,000.00".

"When asked to give their ideal distribution, they described, on average, a nation where wealth
distribution looks not like the U. S but like Sweden, only more so - the wealthiest quintile would control 32% of the wealth, the poorest just over 10%."

The U.S. is a nation of people who
would like to spread the wealth around. They just don't know it.
Click here to download the complete story pdf    Copy the above link and email it to friends.