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Thursday, 29 June 2017

Rich people in America have too much money, says multi-billionaire Warren Buffett

Rich people in America have too much money, says multi-billionaire Warren Buffett
- Acknowledging that the US economy currently generates an average of more than $55,000 per person, Mr Buffett said, “The economy is doing well, but all Americans aren’t doing well”.
In fact, according to the Congressional Budget Office, the top 10 per cent of American families held more than three-quarters of the country’s wealth in 2013. And that gap is only widening: The top tenth of families saw their share of the country’s wealth increase by 54 per cent between 1989 and 2013, while everyone else saw their share shrink.