There’s class warfare, all right. But it’s my class, the rich class, that’s making war, and we’re winning.
Warren Buffet—November 2006
Poor people are poorer than anyone thinks—rich, poor or otherwise, according to this chart showing what people think is the distribution of wealth in America vs. the reality. Most people think the richest 20% of people in America have only 60% of this country’s wealth. The reality? The richest 20% of people here have 85% of the wealth.  And most people think the bottom 40% control 10% of our country’s wealth. The truth is much sadder: the poorest 40% of Americans have less than 1/3rd of 1% of this country’s wealth.  Why income distribution can’t be crowd-sourced. - By Timothy Noah - Slate Magazine

Poor people are poorer than anyone thinks—rich, poor or otherwise, according to this chart showing what people think is the distribution of wealth in America vs. the reality.

Most people think the richest 20% of people in America have only 60% of this country’s wealth. The reality? The richest 20% of people here have 85% of the wealth. 

And most people think the bottom 40% control 10% of our country’s wealth. The truth is much sadder: the poorest 40% of Americans have less than 1/3rd of 1% of this country’s wealth. 

Why income distribution can’t be crowd-sourced. - By Timothy Noah - Slate Magazine