|Obama Increases Income Inequality Gap|
|by Tom McGregor||Tue, Jul 15, 2014, 08:48 PM|
President Barry Obama is responsible for raising the disparity of the income inequality gap. The rich are getting richer, while the middle class and poor are struggling to make ends meet.
According to Russia Today, "The top 1 percent of Americans and Europeans own a much bigger slice of national wealth than is reported according to a senior economist at European Central Bank (ECB). A lot of wealthy people prefer to underreport their assets when asked in surveys. “Our knowledge of the wealth distribution is less than perfect,” Philip Vermeulen, a senior economist at the ECB wrote. “The results clearly indicate that survey wealth estimates are very likely to underestimate wealth at the top.”
Obama donors have enjoyed a substantial increase in their fortunes while Obama served in the White House.
As reported by RT, "According to him the top 1 percent of American citizens may hold up to 37 percent of the nation’s wealth. That’s higher than the 34 percent suggested by the 2010 US Survey of Consumer Finance Data from the Federal Reserve."
Ironically, Leftist governments that tout Socialist policies face rising income inequality gaps over countries led by conservative-leaning governments.
To read the entire article from Russia Today, link here:
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