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The Myth Of The Income Inequality Caused By Capitalism

by • April 21, 2014 • Top StoryComments Off564

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

-> From Rags to Riches to Rags

-> 10 Things In Tech You Need To Know This Morning

-> The Average Stock Is More Expensive Now Than It Was At The Peak Of The Dotcom Bubble In 2000

-> Gallup: 14% of Americans Couldn’t Last a Week Financially If They Lost Job

-> New Bill Aims to Curb Overzealous Photoshopping; Because There Nothing Else to Do in DC

-> How to Track Your Employees’ Productivity Without Becoming Big Brother

-> Awesome Tech You Can’t Buy Yet, But You Can Invest

Photo: liquidnight via Flickr

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