The distribution of wealth in the United States is getting absurd... The emerging chasm is so enormous it can be described as being no less than a gulf. The debate in Germany over the growing divide between the highest echelons of society and the lowest pales by comparison.
The idea that free markets will ultimately create the best possible living conditions is, of course, a wonderful one. But the reality in America looks like this: The yearly income of a typical middle-class family has fallen by almost $5,000 since 1999. If you factor in inflation, male workers last year earned on average $783 less than they did 42 years ago. For the country's richest, on the other hand, things are going swimmingly. The highest 0.1 percent possesses almost as much wealth as the lowest 90 percent taken together. The family of Sam Walton, founder of supermarket chain Walmart, has amassed over $149 billion in wealth. The family possesses as much as all of the lowest 42 percent of the country combined.