Behold the ultra elite, 1%! So mysterious how they become so wealthy….or it’s actually Capitalism at work. A new study out of Cornell breaks down the evil cycle of wealth and it’s pretty enlightening. The finding show that 12% of the population will spend at least one year in the top 1%, while 73% will spend at least a year in the top 20%. And this is all because Capitalism gives everyone an opportunity to innovate some new idea and breach the upper echelon of society.
Links
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Photo: liquidnight via Flickr
