Grex Agora46 Conference

Item 205: The rich are finding ways to steal from YOUR mutual fund!

Entered by russ on Tue Sep 9 03:35:41 2003:

1 new of 36 responses total.

#12 of 36 by gull on Fri Sep 12 13:58:20 2003:

Some statistics I saw today about the widening gap between the rich and
the middle class and working poor.  These are based on Congressional
Budget Office statistics:

From 1979 to 2000...
the poorest 20% of the population increased their after-tax income by 9%.
the middle 20% increased their after-tax income by 15%.
the top 20% increased their after-tax income by 68%.
the top 1% increased their after-tax income by 201%.

In 1997 the top 1% of households had more wealth than the bottom 95%
combined.

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