Philosophy page

"Who Owns America?
The top 10 percent of American households own 98 percent of the tax-exempt state and local bonds, 94 percent of business assets, and 95 percent of the value of all trusts. The richest 1 percent own 60 percent of all corporate stock and all business assets. True, some 40 percent of families own some stocks or bonds, but almost all of these have total holdings of less than $2,000. Taking into account their debts and mortgages, 90 percent of American families have little or no net assets."