There are 300 people in the world.
180 are workers.
The rest are children, seniors, and stay at home parents.
The economy generates $5 million per year in wealth.
That averages $27,777 per worker.
90% of the wealth is owned by 20% of workers.
In other words…
36 of the 180 own $4.5 million of the $5 million in wealth.
The remaining 144 workers divide up the $.5 million.
I don’t really need to give you comparative averages, right?
Yes, I understand economics might be a tad more complicated than represented here in my short treatise on the wealth-gap; however, I am just trying to point at something that is rather disconcerting, not prove a theory.
Of course many will say that wealth of the few benefits everyone, that the economy requires this kind of divide. But this is not about a few providing benefits to a whole bunch of the rest of us.
It’s about living and expecting that our economy actually is ours, equitably.
Okay, you can stop pretending now.