New Report: U.S. and Israel Have Worst Inequality in Developed WorldBy SM Gibson Although thedividebetween rich and poor is at historiclevels for the majority of the 34 developedmember nations, theUS and Israel have distanced themselves from the fold. The OECD discovered that in the US,the richest 10% of the population earn 16.5 times the income of the poorest 10%. In Israel, the richest 10% earn 15 times that of the poorest. In comparison, the average wealth gap in OECD nations is 9.6. The rich earnedapproximately seven times as much as the poor in the 1980s. It was also recorded in 2012 that in 18 OECD countries,the bottom 40% of households owned just 3% of the wealth while the top 10% controlled 50%. In the US, the wealthiest5% has nearly 91 times the amount as the average citizen. Low spending on social programs in the US and Israel compared to other OECD nations has been mentioned as a possible factor for the large discrepancies of wealth among their citizens. Also, the massive skill gap in the workforce has been blamed as well, meaning the division betweenskilled workers whocommand much higher salary andlow-skilled workers. SM Gibson writes for TheAntiMedia.org, where this article first appeared. Tune in! The Anti-Media radio show airs Monday through Friday @ 11pm Eastern/8pm Pacific. Help us fix our typos: edits@theantimedia.org. 