7 Shocking Class Warfare Statistics from Streets of Gold

7 Shocking Class Warfare Statistics from Streets of Gold

The Streets of Gold novel may be action-packed fiction, but it also centers on very important social issues and references real statistics that may come as a shock. Here are some of the highlights:

  1. The top 10% percent of Americans make over 70% of the nation’s income. AND …
  2. Of the Forbes 400, 127 inherited most or all of their wealth. BUT …
  3. The bottom 90% carry 73% percent of the debt. LEAVING …
  4. The gap between the richest one percent and the remaining ninety-nine percent is the widest it’s been since the 1920s. YET SOMEHOW …
  5. Warren Buffett has a lower tax rate than a teacher. AND CRAZILY …
  6. If you adjusted the 1970s minimum wage for inflation, it would be over twenty dollars an hour today. OF COURSE WE HAVEN’T, SO …
  7. The poverty rate is over nineteen percent in Los Angeles, which equals over 1.9 million people below the poverty line.

What to do? That’s an extremely complex issue, and one better explored through non-fiction and economists far smarter than myself, but here are some ideas.

What does this mean? Streets of Gold peers through the lens of fiction at potential consequences of two classes growing dangerously far apart. We’re already seen unrest across the nation in the form of protest against police brutality and other issues. What happens when things turn violent?

For more information on the Streets of Gold novel click here. Written by E.P. Shelky, a screenwriter and novelist who studied economics and lives in Los Angeles.  

Sources:

Forbes Annual 400 

American Wealth Distribution Pie Chart

The Poor in Debt

Warren Buffet has Lower Tax Rate than Secretary