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August 28, 2003

Ownership Statistics

Ownership Statistics Why a Shared Capitalism is Needed...

Current trends in economic inequality, both domestically and abroad, pose dangers to human dignity, democracy, political stability, fiscal sustainability, social justice, freedom, civil society, physical/mental health and environmental sustainability. These dangers are palpable, real and on the rise.

This page from the Shared Capitalism Institute (i.e., Communism in Rushspeak) lists a number of statistics about wealth in this country and the world.

Here's an interesting one:

Government debt securities are owned dominantly by upper-crust households. The latest figures show that tax-exempt interest was reported on 4.9 million personal tax returns for 1997, about 4 percent of all taxpayers. Total tax-exempt interest income was $48.5 billion in 1997. [Note 14]

So if that trend were to hold true today, that would mean that the the Bush Administration "borrowed" money from the wealthy to give tax cuts to the wealthy... which ultimately pays off in the form of $2000 checks for Bush-Cheney '04. Unbelievable.

Posted by glyphic at August 28, 2003 02:27 AM

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