Mother Jones: Eleven Charts that show what is wrong with the U.S.

Mother Jones: Eleven Charts that show what is wrong with the U.S.

Washington : DC : USA | Feb 27, 2011 at 9:42 AM PST
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The charts show in dramatic fashion the manner in which wealth and income distribution is skewed in the U.S. The graphs also show that inequality has been increasing of late rather than decreasing. The link is here.

I doubt that the charts can be reproduced properly here so I suggest that you click on the link to see them. I will just summarize some key aspects of some of the graphs.

One graph shows that the top .01 per cent of U.S. households have an average income of 27 plus million a year. The top one percent have 1,137,684. 90 percent of households have an average of 31,244.

Americans love to elect the rich to represent them. An average household has a one in 22 chance of being in the million bracket but for members of congress the chance is 1 in 2. No wonder tax cuts for the rich passed!

From 1979 to 2005 only the top tne percent of households had gains in their share of household income. The other ninety percent all had declines.

From 2007-2009. Wall St. profits increased 720 per cent. Unemployment went up substantially and American's equity in their homes went down 35 per cent. The present shock treatment will cut government services weaken worker bargaining power and make the situation worse--that is for the average Joe or Josephine.

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Sample graph
One of the charts from Mother Jones eleven charts.
northsunm32 is based in Brandon, Manitoba, Canada, and is an Anchor on Allvoices.
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