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> Decline of the USA > +74.2% to the top 5%, -1.5% to the middle fifth, 1983–2010 – USA
+74.2% to the top 5%, -1.5% to the middle fifth, 1983–2010 – USA
USA share of total household wealth growth accruing to various wealth groups 1983-2010
Source: http://stateofworkingamerica.org/chart/swa-wealth-figure-6b-share-total-household/
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Gerson Lima / Maria Alejandra Madi
Edward Fullbrook and Jamie Morgan
————— Michael Hudson ————–
Maria Alejandra Madi / Jack Reardon
—————— Steve Keen —————–
————— Richard Smith —————
————– Gustavo Marques————
– Victor Beker and Beniamino Moro –
————– Lars Pålsson Syll ————-
—————– Stuart Birks —————-
Edward Fullbrook and Jamie Morgan
————- Edward Fullbrook ————-
———— Armando Ochangco ———-
Shimshon Bichler / Jonathan Nitzan
————— Mauro Gallegati ————–
————— Herman Daly —————-
————— Asad Zaman —————
—————– C. T. Kurien —————
————— Robert Locke —————-
It’s a tragic picture. There is a great ignorance (or unintelligence, stupidity) to the egoism lying behind these movements. More money to the lower fifths would so obviously fuel “the economy”, so the wealth of the upper percentiles is inherently short term. It seems that sustaining it long-term depends on a collective idea among the rich, that once the US really goes bad, wealth will just be pumped out of the US into other regions.