When I first learned about the distribution of personal or privately held wealth (DOW), I reacted like most people do. I haven't been able to find the words to match the emotion. I am still coming to terms as to what I think about the whole issue. I did conclude that every case had to be treated separately. I had to be honest with myself and ask: What if it was me? Getting a grasp on Wealth in America is not easy due to the vast amounts of money in play. In order to visualize the distribution of wealth, we first have to choose a familiar object to represent wealth, and present those objects in terms of volume. In this model I’m going to express wealth in terms of time, where $1 equals 1 second.. The life expectancies listed below are measures of wealth converted into seconds, minutes, hours, days, weeks, months and years . The lower two percentiles represent the 40% of Americans with the least wealth, only .3% share of the total 54Tr. That .3% is shared by the 128 Million (49,780,000 families) in the lowest 40% leaving each family with an average wealth of $3254 each 3254 seconds = 54 minutes . Compare that to the times allotted to the wealthy and note the disparity!
RANK FAMILIES % OF TOTAL LIFE EXPECTANCY
Lowest 40% 49,780,000 .3 % 54 minutes
Next 20% 24,800,000 4.0 % 24 hrs.
Next 20% 24,800,000 11.8 % 3 days
Next 10% 12,400,000 12.0 % 6 days 2 hrs
90 % OF THE POPULATION (288,000,000) THEIR SHARE OF WEALTH GONE IN 6 DAYS
Top 10 % (90 TO 99%)
Bottom 5 % 6,200,000 10.8% 10 days 21 hrs.
Next 4 % 4,960,000 25.1% 1 mo. 1 day 16hours
99 % OF THE POPULATION (316,000,000) GONE IN ONE MONTH
Top 1 % The One Percenters broken into subgroups (note the no. of families )
Bot. half .5 % 620,000 3.8% 1 mo. 8 days 6 hrs.
Next .25% 310,000 3.16% 2 mo. 3 days 22 hrs.
Next .1% 124,000 5.5 % 9 mo. 8 days
next .1% 124,000 18.4 % 2 years 6 mo. 15 days
next .047% 5,800 1.47% 4 years 4 mo. 4 days
Top 394 .003% 398 3.47% 149 years 3 mo. 22 days
Walmart Waltons 4 35 Billion ea. 1,109 years 10 mo. 6 days
Warren Buffet 1 54 Billion 1,712 years 4 mo. 3 days
Bill Gates 1 72 Billion 2,283 years 1 mo. 8 days
NOTE: IT IS NOT MY INTENTION TO JUDGE THESE PEOPLE. THEY CREATED THEIR FORTUNES IN ACCORDANCE WITH THE PRINCIPLES INHERENT TO CAPITALISM. EVEN SO , IT IS HARD TO RECONCILE IMMENSE DISPARITY THAT EXISTS BETWEEN THE POOREST 50 MILLION FAMILIES AND THE WEALTHIEST 400 FAMILIES (54 MINUTES >>>> TWO THOUSAND + YEARS. ) I HAVE CONCLUDE THAT THE SYSTEM MAY HAVE SOME FAULTS AND TRICKLE DOWN ECONOMICS.......ARE WE REALLY SUPPOSE TO BELIEVE THAT'S THE BEST PLAN, THAT IN THE PAST 30 YEARS , WITH ALL OUR TECHNOLOGICAL ADVANCES AND CREATIVE INNOVATION, NOBODY CAN COME UP WITH A BETTER ECONOMIC PLAN !
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