General Discussion
In reply to the discussion: How Wall Street Parasites Have Devoured Their Hosts, Your Retirement Plan and the U.S. Economy [View all]Octafish
(55,745 posts)...and the "authorities" have rigged the game in their favor. From a couple years back:
7/8 of ALL WEALTH in Human History created since 1981.
Pruneface's budget guru David Stockman must've added up all the GDP and estimated the stuff from the middle ages. Whatever. His real point is that most of THAT has ended up in the pockets of the greedhead plutocrats' pockets.

In 1985, the top five percent of the households the wealthiest five percent had net worth of $8 trillion which is a lot. Today, after serial bubble after serial bubble, the top five per cent have net worth of $40 trillion. The top five per cent have gained more wealth than the whole human race had created prior to 1980. -- David Stockman, Ronald Reagan's budget director
http://www.cbsnews.com/video/watch/?id=7009217n&tag=related;photovideo
"In 1985, the top five percent of the households, wealthiest five percent, had net worth of $8 trillion, which is a lot. Today, after serial bubble after serial bubble, the top five percent have net worth of $40 trillion," he explained. "The top five percent have gained more wealth than the whole human race had created prior to 1980." -- David Stockman
SOURCE: http://www.cbsnews.com/stories/2010/10/28/60minutes/main6999906_page4.shtml
And to think there are kids in America who would go to bed hungry every night if they had a bed.