Friday, May 15, 2020

Wealth inequality summarized


"...the richest 1% of Americans got essentially all of the benefits of economic growth over the last 40 years," Hanauer explained. "The top 1% got $21 trillion richer, while the bottom 50% got $900 billion poorer." That direct transfer of wealth from the poorest Americans to the wealthiest accounts for the money that used to go to retirement.

Charlie Cooper

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