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  • Why it is hard to share the wealth

    03/12/2005 3:57:43 PM PST · by snarks_when_bored · 100 replies · 2,115+ views
    New Scientist (U.K.) ^ | March 12, 2005 | Jenny Hogan
    Why it is hard to share the wealth * 09:15 12 March 2005 * Exclusive from New Scientist Print Edition * Jenny Hogan Enlarge image The rich are getting richer while the poor remain poor. If you doubt it, ponder these numbers from the US, a country widely considered meritocratic, where talent and hard work are thought to be enough to propel anyone through the ranks of the rich. In 1979, the top 1% of the US population earned, on average, 33.1 times as much as the lowest 20%. In 2000, this multiplier had grown to 88.5. If inequality is...