increasing differences between those few who grow ever richer and
the many who grow hopelessly poorer, should be a cause for dismay,"
according to Pope Benedict XVI in his address to the Diplomatic
Corps on January 7, 2013.
The chart graphically shows how the tax code has
resulted in a redistribution of wealth. Few people realize
the extent to which poverty has grown in the U.S. and the
extent to which prosperity has been concentrated in the nonprofit sector and
the wealthiest 10%.
"Ultimately, we are interested in the question of relative
standards of living and economic well-being. We need to
examine trends in the distribution of wealth, which, more
fundamentally than earnings or income, represents a measure
of the ability of households to consume." Alan Greenspan,
former chairman of the Federal Reserve Bank
also the new
Wealth Distribution Video based upon a survey of what
people thought was the wealth distribution was and what they
think it should be.