The NYT published an editorial a few days ago entitled "If Switzerland Can ..." which included a few statistics I found interesting.
Let's see. That's about $4 million per account.
That $18 billion is a rather small percentage of the holdings of America's top 1%. The 2007 SCF (Survey of Consumer Finances, from the Federal Reserve Board) says that the top 1% of us had Net Worth of $21.864 trillion. $18 billion is less than 0.1% of their holdings. A trivial figure, no?
Well, it might be worth considering that $18 billion is 1.11% of the aggregate net worth of the bottom 50% of us -- $1.611 trillion.
It is also about 0.82% of the 2006 income of the bottom 50% of us.
The article goes on to say,
I wonder how much of that is holdings of Americans, and, more important, where those dollars came from. Rent? Natural resources?