December 10 2010
Same Old Same Old: Wealth Envy
"What a great week to be rich in America!" - this from a whiny Ellis Henican.
His comments about how awful it is that rich people are rich:
As of 2007, the top 1 percent of households in America owned 34.6 percent of all privately held wealth. The next 19 percent had 50.5 percent. That's leaves slightly less than 15 percent of wealth for 80 percent of Americans to divide.
While we are all out here "fighting over the crumbs," I'd like to take a moment to point Henican to this graph from Heritage:
I don't envy the wealthy; I feel bad for them. They finance a disproportionate share of our big government's wasteful spending!