Quote:
Originally Posted by signupdamnit
If you asked most people in the US (and on this forum too) they would tell you that they honestly think the US is becoming Socialist. The US is in it's own little world and many of the people within have no idea what goes on elsewhere. For example they think their health care system is normal in developed nations and that it's normal for the top 20% to hold 90% of the wealth in the country. Despite this statistic you will have people who swear that the US is Socialist. In fact some of them will probably reply to this.
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The Wealth Distribution
In the United States, wealth is highly concentrated in a relatively few hands. As of 2007, the top 1% of households (the upper class) owned 34.6% of all privately held wealth, and the next 19% (the managerial, professional, and small business stratum) had 50.5%, which means that just 20% of the people owned a remarkable 85%, leaving only 15% of the wealth for the bottom 80% (wage and salary workers). In terms of financial wealth (total net worth minus the value of one's home), the top 1% of households had an even greater share: 42.7%. Table 1 and Figure 1 present further details drawn from the careful work of economist Edward N. Wolff at New York University (2010).
http://www2.ucsc.edu/whorulesamerica/power/wealth.html
usa is a socialist/totalitarian state in wording but only for the 99%. the 1% elites have loopholes and other stuff with will keep themself free people. But for the common man it will be a prison from where you can not escape their totalitarian scientific dictatorship.