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Since the wealthiest 0.1% of the US population probably hold, directly or indirectly, over 70% of the total debt in the U.S. economy

Well, the private share of the US public debt is quite small, so the wealthiest 0.1% do not own it directly.

source: wikipedia

But, indirectly, since the top 1% own a huge share of the financial wealth, they certainly have a disproportionate influence on the economic and political decision-making.

source:Who Rules America: Wealth, Income, and Power

"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char

by Melanchthon on Fri Apr 16th, 2010 at 03:51:03 AM EST
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