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US Has Fourth-Highest Income Inequality Rate in the World
A recent report issued by Paris' Organisation for Economic Co-operation and Development analyzes the countries around the world with the highest income inequality rate, per capita. And guess where the United States sits? At number four -- right after Chile, Mexico and Turkey. Given our country's unemployment rate -- noted today to have jumped unexpectedly last week --compared to our proportion of billionaires (of the richest people on the planet, the US claims four of the top ten), this doesn't come as a huge surprise. But it does underscore what happens to a country in which the wealthy live on the backs of the poor -- for evidence, check these Mother Jones charts that illustrate why Congress is friendlier to Wall Street than Main Street.
List below; read more at the Huffington Post.
Highest Income inequality Rates in the World
1. Chile
2. Mexico
3. Turkey
4. United States
5. Israel
6. Portugal
7. United Kingdom
8. Italy
9. Australia
10. New Zealand
Posted at May 26, 2011, 9:59 am
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