“How rich are the super-rich?” Eleven charts that explain everything that’s wrong with America. (I’m dumbstruck.)

Amplify’d from motherjones.com

It’s the Inequality, Stupid

Eleven charts that explain everything that’s wrong with America.

How Rich Are the Superrich?

A huge share of the nation’s economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 million per household. The average income for the bottom 90 percent of us? $31,244.

Average Income by Family, distributed by income group.
The richest controls 2/3 of America's net worth

Note: The 2007 data (the most current) doesn’t reflect the impact of the housing market crash. In 2007, the bottom 60% of Americans had 65% of their net worth tied up in their homes. The top 1%, in contrast, had just 10%. The housing crisis has no doubt further swelled the share of total net worth held by the superrich.

Winners Take All

The superrich have grabbed the bulk of the past three decades’ gains.

Aevrage Household income before taxes.

Out of Balance

A Harvard business prof and a behavioral economist recently asked more than 5,000 Americans how they thought wealth is distributed in the United States. Most thought that it’s more balanced than it actually is. Asked to choose their ideal distribution of wealth, 92% picked one that was even more equitable.

Average Income by Family, distributed by income group.

Capitol Gain

Why Washington is closer to Wall Street than Main Street.

median net worth of american families, median net worth for mebers of congress, your odds of being a millionaire, member of congress's odds of being a millionaire
max. est. net worth
Rep. Darrell Issa (R-Calif.) $451.1 million
Rep. Jane Harman (D-Calif.) $435.4 million
Rep. Vern Buchanan (R-Fla.) $366.2 million
Sen. John Kerry (D-Mass.) $294.9 million


member max. est. net worth
Rep. Darrell Issa (R-Calif.) $451.1 million
Rep. Jane Harman (D-Calif.) $435.4 million
Rep. Vern Buchanan (R-Fla.) $366.2 million
Sen. John Kerry (D-Mass.) $294.9 million
Rep. Jared Polis (D-Colo.) $285.1 million
Sen. Mark Warner (D-Va.) $283.1 million
Sen. Herb Kohl (D-Wisc.) $231.2 million
Rep. Michael McCaul (R-Texas) $201.5 million
Sen. Jay Rockefeller (D-W.Va.) $136.2 million
Sen. Dianne Feinstein (D-Calif.) $108.1 million
combined net worth:
max. est. net worth
member
Rep. Darrell Issa (R-Calif.)
$451.1 million
$435.4 million
Rep. Jane Harman (D-Calif.)
Rep. Vern Buchanan (R-Fla.)
$366.2 million
$294.9 million
Sen. John Kerry (D-Mass.)
Rep. Jared Polis (D-Colo.)
$285.1 million
$283.1 million
Sen. Mark Warner (D-Va.)
Sen. Herb Kohl (D-Wisc.)
$231.2 million
$201.5 million
Rep. Michael McCaul (R-Texas)
Sen. Jay Rockefeller (D-W.Va.)
Sen. Dianne Feinstein (D-Calif.)
$136.2 million
$108.1 million
combined net worth:
10 Richest Members of Congress
100% Voted to extend the cuts

Congressional data from 2009. Family net worth data from 2007. Sources: Center for Responsive Politics; US Census; Edward Wolff, Bard College.

Who’s Winning?

For a healthy few, it’s getting better all the time.

Gains and Losses in 2007-2009, Average CEO Pay vs. Average Worker Pay
A millionaire's atx rate, now and then. Share of Federal Tax revenue

YOUR LOSS,THEIR GAIN

How much income have you given up for the top 1 percent?

See more at motherjones.com

 

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About sillymickel

Activist, psychotherapist, pre- and perinatal psychologist, author, and environmentalist. I seek to inspire others to our deeper, more natural consciousness, to a primal, more delightful spirituality, and to taking up the cause of saving life on this planet, as motivated by love.
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