THE shift of the 21st Century:
The richest 1 percent of households owns nearly half of all individually owned investment assets (stocks and mutual funds, financial securities, business equity, trusts, non-home real estate). The bottom 90 percent of the population owns less than 15 percent; the bottom half of the population — 150 million Americans — own less than 1 percent.
If America’s vast wealth is mainly a gift of our common past, how, specifically, can such disparities be justified?
The Rich Are Hogging Our Common Inheritance
And how we can take it back. Dec 14, 2008
Gar Alperovitz is the Lionel R. Bauman Professor of Political Economy at the University of Maryland.