Gallup: Two-thirds of Americans — even most Republicans — dismayed by income disparity
THESE NUMBERS from the Gallup organization make it likely that President Obama will stress income disparity in his State of the Union speech next week:
Two out of three Americans are dissatisfied with the way income and wealth are currently distributed in the U.S. This includes three-fourths of Democrats and 54% of Republicans.
And THESE NUMBERS are what’s driving the dissatisfaction:
1. Just 13 Americans Made More from Their Investments in 2013 than the Entire SNAP [Food Stamp] Budget.
2. The Richest 400 Took $300 Billion in 2013, Approximately the ENTIRE Safety Net.
3. The Richest 12,000 Families are Estimated to have Each Made $40 Million in the Past Year.
Conclusion: The System Is Broken
The overall calculations reveal that, to the best approximation:
–The richest 400 individuals made an average of $750,000,000 each in 2013.
–The .01% (12,000 families) made about $40,000,000 each.
–The .1% (120,000 families) made about $3,600,000 each.
–The rest of the 1% (1,068,000 families) made over $830,000 each.
–The 2-5% (4,800,000 households) made about $300,000 each.
–The 6-10% (6,000,000 households) made about $95,000 each.
–The 11-20% (12,000,000 households) made about $39,000 each.
–The 21-40% (24,000,000 households) made about $13,000 each.
–The 41-60% (24,000,000 households) made about $4,000 each.
–The 61-80% (24,000,000 households) made about $333 each.
–The bottom 20% (24,000,000 households) made nothing.