The Myth Of The Income Inequality Caused By Capitalism

by • April 21, 2014 • Top StoryComments Off on The Myth Of The Income Inequality Caused By Capitalism1494

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.


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Photo: liquidnight via Flickr

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