and this is sort of what you would imagine. but again over here the lines cross in the post-war period. and you can see that the u.s. becomes more unequal. and today the top 1% in the u.s. has 33.8% of all the wealth in this country. and in europe the top 1% has 24.4%. one more point. remember a minute ago we had a chart that said the top 1% in the u.s. got 17% of the income. they got 17% of the income. they have 34% of the wealth. so actually wealth is much more unequal in this country than income. and let s split this up between let s talk about the cause and effect. how much of it has to do with, let s say, the tech revolution, the way wealth can be accumulated on wall street overnight versus tax cuts which democrats say if we only could
was more equal. and this sort of was what you would imagine. but again, over here the lines cross in the post-war period. and you can see that the u.s. becomes more unequal and today the top 1% in the u.s. has 33.8% of all the wealth in this country and in europe the top 1% has 24.4%. one more point. remember a minute ago we saw a chart that said the top 1% got 17% of the income? they got 17% of the income, they have 34% of the wealth. so actually wealth is much more unequal in this country than income. and let s split this up between let s talk about the cause and effect. how much of it has to do with, let s say, the tech revolution, the way wealth can now be accumulated on wall street overnight versus tax cuts, which
there its a lot of curiosity. a lot of people want to find out what it is about. what it means to them. and so i think that s all good news. i think it exceeds everyone s expectations within the first 24/4 hours. it is slow and it s very difficult and frustrating and i hope that doesn t turn off people. and that things can be fixed over the next few days. but it does tell you that the underlying interest of people is quite high. let me say, in response to that that comment by governor perry. you know, i want out to california to to shop on their website and see what kind of rates young adults could get. the 30-year-old who makes, 17,000 or 18,000 dollars a year, can get insurance the silver plan for a moderate amount of interaction with doctors, five, six prescriptions a year. $39 per month.
what does the traffic tell you about the program? there its a lot of curiosity. a lot of people want to find out what it is about. what it means to them. and so i think that s all good news. i think it exceeds everyone s expectations within the first 24/4 hours. it is slow and it s very difficult and frustrating and i hope that doesn t turn off people. and that things can be fixed over the next few days. but it does tell you that the underlying interest of people is quite high. let me say, in response to that that comment by governor perry. you know, i want out to california to to shop on their website and see what kind of rates young adults could get. the 30-year-old who makes, 17,000 or 18,000 dollars a year, can get insurance the silver plan for a moderate amount of interaction with doctors, five, six prescriptions a year.
greg burke streaming live from madrid. greg, how could this affect us back here in the u.s.? reporter: harris, that s right. any way you look at the numbers come in over the last week they are really bad news for spain. unemployment, standard & poor s downgrade both for credit rating and the banks. also that the country is now officially in recession. going through the streets in madrid you can see some of the pain that there is in the country right now. a lot of places to rent in town. there is no doubt about that. the stores have closed and people s apartments. the problem is banks. this built on a huge real estate boom and when it turned into a bust, the bust was huge and still is. there are just way too many banks out there with way too many bad loans. now, you know if you look at those unemployment figures it is now up 24.4%, almost 25%. among young people it is even worse. right around 50%. and that s not all. the most painful in the