U.S. concentration of wealth

Doug Henwood dhenwood at panix.com
Mon Nov 6 11:26:44 PST 2000


Charles Brown wrote:


>A new Federal
>Reserve Board study (Oct 25, 2000) of the growing
>concentration of wealth in the United States is at
><http://www.federalreserve.gov/pubs/oss/oss2/method.html>
>The top 1% now own 34% of total national wealth, up from
>30% in 1992. The top 1% now own more than bottom 90%.
>This study is the basis for an article in the November
>6, 2000, American Prospect magazine, "A Better Kind of
>Wealth Tax."

New? The most recent paper is dated June.

Doug



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