Note: The basic reasons for the rich getting richer in the U.S. is Union busting starting with Reagan, Globalization which came with the Business Internet, and third the Great Recession which destroyed the middle class in the U.S. by evaporating 50% to 75% of their wealth by devaluing or foreclosing their property which is most people's investment. On top of this Middle class people got out of the stock market because they considered it to be too risky because it was for them. However, upper class people who could live without their investments stayed in and rode the market from 6900 up to 18,000 and over recently.
I took the test up to about question 9 when I burned out and gave all the right answers. But, if you want to take the test click on word button below. I think you will be really surprised at the truth if you take this test. The one that threw me is the percentage of wealth controlled by the 1% just before the French revolution (it was only 50%) whereas right now the 1% controls 90% here in the U.S. The last time that happened in our history was the stock market crash of 1929. Think about it. Also, do you know what happened during the 1790s French revolution? They guillotined all the royalty and rich people in France who didn't escape to England or other places fast enough. Click word button in next line to take test if you want to:
I took the test up to about question 9 when I burned out and gave all the right answers. But, if you want to take the test click on word button below. I think you will be really surprised at the truth if you take this test. The one that threw me is the percentage of wealth controlled by the 1% just before the French revolution (it was only 50%) whereas right now the 1% controls 90% here in the U.S. The last time that happened in our history was the stock market crash of 1929. Think about it. Also, do you know what happened during the 1790s French revolution? They guillotined all the royalty and rich people in France who didn't escape to England or other places fast enough. Click word button in next line to take test if you want to:
Are the rich getting richer? Take our quiz on inequality and incomes.
The income gap between rich and poor has widened in the United States and in many other advanced economies since the 1970s. The trend makes this a hot political topic at a time when middle-class families feel they are struggling to get ahead, and as some wonder whether inequality is harming economic growth. This quiz tests how big (or narrow!) your own "gap" is when it comes to knowing the economics and politics of income disparities from the French Revolution to the Great Recession.
1. The average household in the 'top 1 percent' by income out-earned a typical 'bottom 90 percent' household by how much in 2012?
For comparison, in
1938, when America first introduced a minimum wage, the income of the
top 1 percent was 25 times larger than that of the average “bottom 90”
percenter, according to data derived from tax returns by researchers
including Emmanuel Saez.
| 42 times as much (with income averaging $1.3 million) | |
5% Complete
Are the rich getting richer? Take our quiz on inequality and incomes.
How big (or narrow!) is your own "gap" is when it comes to knowing the economics and politics of income disparities, from the French Revolution the Great Recession?
2. Which US president said the following in a State of the Union address? 'The man of great wealth owes a peculiar obligation to the state, because he derives special advantages from the mere existence of government.'
It's an idea that has been echoed by others, including President Obama.
| Theodore Roosevelt | |
10% Complete
Are the rich getting richer? Take our quiz on inequality and incomes.
How big (or narrow!) is your own "gap" is when it comes to knowing the economics and politics of income disparities, from the French Revolution the Great Recession?
3. How have middle class incomes been changing during the past three decades?
The statistic
comes from the Congressional Budget Office's look at inflation-adjusted
after-tax income for the middle 20 percent of US households. In
crunching this number for the years 1979 through 2010, the CBO included
income from government transfer programs as well as wages and other
income.
| Essentially no growth at all | |
14% Complete
Are the rich getting richer? Take our quiz on inequality and incomes.
How big (or narrow!) is your own "gap" is when it comes to knowing the economics and politics of income disparities, from the French Revolution the Great Recession?
3. How have middle class incomes been changing during the past three decades?
The statistic
comes from the Congressional Budget Office's look at inflation-adjusted
after-tax income for the middle 20 percent of US households. In
crunching this number for the years 1979 through 2010, the CBO included
income from government transfer programs as well as wages and other
income.
| Essentially no growth at all | |
14% Complete
Are the rich getting richer? Take our quiz on inequality and incomes.
How big (or narrow!) is your own "gap" is when it comes to knowing the economics and politics of income disparities, from the French Revolution the Great Recession?
4. Which president said the following in a speech? 'I want to be the president who helped to feed the hungry and to prepare them to be taxpayers instead of tax-eaters.'
In his 1965 speech
to Congress, Johnson also described his early experience teaching at a
school where kids often arrived hungry.
| Lyndon Johnson |
19% Complete
Are the rich getting richer? Take our quiz on inequality and incomes.
How big (or narrow!) is your own "gap" is when it comes to knowing the economics and politics of income disparities, from the French Revolution the Great Recession?
5. Marie Antoinette may never have said 'Let them eat cake,' but a big rich-poor gap existed in France prior to the Revolution there in 1789. Which percentage comes closest to the share of income went to the top 10 percent of French society?
The number was
probably a bit above 50 percent, one academic study concluded in 2000.
In the United States, the share may have reached near 50 percent in 2007
and in the late 1920s.
| 50 percent | |
24% Complete
Are the rich getting richer? Take our quiz on inequality and incomes.
How big (or narrow!) is your own "gap" is when it comes to knowing the economics and politics of income disparities, from the French Revolution the Great Recession?
6. Affluent Americans have often sought to deploy their wealth for purposes of public good. Which of the following is a legacy of Andrew Carnegie?
The Scottish-American steel magnate issued a "Gospel of Wealth" call on the rich to pursue philanthropy.
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