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Nation's Poorest 1% Now Controls Two-Thirds of U.S. Soda Can Wealth

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  • Nation's Poorest 1% Now Controls Two-Thirds of U.S. Soda Can Wealth

    "The typical American spends an average of $65 on beverages for every dollar he or she earns back through redeemable deposits, and the rest of that money goes to the country's can and bottle barons," the report stated. "Americans who are at a foraging disadvantage due to over-employment and home ownership therefore have limited access to these discarded commodities, causing the market to unfairly favor those with an exclusively disposables income."

    Perhaps more alarming, the report continued, the can monopoly enjoyed by the poorest 1 percent has been unintentionally buoyed by millions of environment-conscious Americans who leave plastic bags full of recycling in front of their homes, which are in turn preyed upon by enterprising collectors.

    "These people were born into a lifestyle, often going back generations, where any can left on the street is seen as their birthright, whether they purchased it or not," Houston resident Dale Palmer said. "They have the knowledge and ability to get out there and scoop up all the good cans before anyone even knew they were there."


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    In other news, President Bush has demanded a Congressional committee be formed to see how this affects oil prices and off-shore drilling.
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