US wealth distribution: 10% of US citizens own 70.9% of all US assetsSubmitted by wd4freedom on Sun, 10/18/2009 - 11:45
Top 1% own 38.1%
Top 96-99% own 21.3%
Top 90-95% own 11.5%
And it gets much uglier as you proceed downward. Bottom 40% of population has 0.2% of all wealth.
The founders equated freedom to liberty which in their language meant you "owned" property (you were not in debt). The amount of property you owned had a proportional relationship to the amount of liberty you experienced.
Our system of freedom is skewed and is becoming very dangerous (approx. 100 million US citizens experience ZERO freedom). You can only cage humans for so long and then something has to give. When liberty is skewed into the hands of a very small number of the population, then our ability to "self-govern" becomes a complete and utter illusion.
I believe in free markets, but this distribution of wealth is not a normal distribution in any way (meaning it is not subject to natural forces- i.e. statistics 101). It can only exist within an un-natural (non-free) system, where the relative nature of freedom is constrained.