Friday, September 24, 2010

They actually think it's trickling down

A new study shows that in a randomly selected survey of 5,522 Americans, we think that the wealthiest 20% of Americans own 59% of the wealth. The actual amount owned is 84%. It gets better:

"The respondents were presented with unlabeled pie charts representing the wealth distributions of the U.S., where the richest 20 percent controlled about 84 percent of wealth, and Sweden, where the top 20 percent only controlled 36 percent of wealth. Without knowing which country they were picking, 92 percent of respondents said they'd rather live in a country with Sweden's wealth distribution."

Yes, here in America many of us actually think the wealth is trickling down. I don't know whether to laugh, cry, or repeatedly facepalm.

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