The impending crisis : $b conditions resulting from the concentration of wealth in the United StatesBouroff, Basil A.
History
The impending crisis : $b conditions resulting from the concentration of wealth in the United States
Bouroff, Basil A.
Trusts, Industrial; United States -- Economic conditions; Wealth
It is by a similar inclusion of a number of the well-to-do families
among the group of “owners of free farms and homes” that the more equal
distribution of wealth [SN: SOME OF THE RICH AVERAGED WITH THE POOR.]
has been obtained in the 2d table. Otherwise, this table could represent
a more melancholy array of facts than the presentation of these facts
which appeared in the first table. But, however bitter the truth may be,
it is always better to taste it than to be ignorant of its existence,
because one falsehood must create thousands of other falsehoods, and,
accumulated and multiplied into a tremendous mass, these falsehoods may
lead the nation to self-destruction even as many other nations were led
to it.
Dividing again all families of the nation into the families worth less
than $5,000, and families worth [SN: THE SAME ECONOMIC BASES OF THE
AUTHORS.] over $5,000, we shall now compare these two classes of
families in both tables upon their common basis. And, as this basis
presents the very bottom of statistics, the comparison therefore cannot
fail to show us the very naked truth as to the actual distribution of
wealth which has partly been obscured by the 2d table.
Comparison of the Poor.
-------------------------------+----------+---------------------
Families worth under $5,000. |Number of |Aggregates of wealth
|families. | in dollars.
-------------------------------+----------+---------------------
First three groups of the | |
2d table[42] |11,432,532| 16,398,622,216
Last two groups of the | |
1st R. table[43] |11,169,152| 9,360,228,000
-------------------------------+----------+---------------------
Differences from the 2d | |
table | 263,380| 7,038,394,216
-------------------------------+----------+---------------------
Comparison of the Rich.
-------------------------------+----------+---------------------
Families worth $5,000 and over.|Number of | Aggregates of wealth
|families. | in dollars.
-------------------------------+----------+---------------------
Two first groups of the | |
1st R. table[43] | 1,521,000| 55,676,863,197
The fourth group of the | |
2d restored table[43] | 1,257,620| 48,638,468,981
Differences from the 1st | |
R. table | 263,380| 7,038,394,216
-------------------------------+----------+---------------------
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