The gap between the top 1% and everyone else hasn’t been this bad since the Roaring Twenties
Half of America has 2.5% of the wealth.
Half of America has only 0.5% of America’s stocks and bonds.
Look at the wealth gap grow!
The last two decades were great…if you were a CEO or owner. Not if you were anyone else.
Real average earnings have not increased in 50 years.
And savings rates are sinking.
Despite the myth of social mobility, poor Americans have a SLIM CHANCE of rising to the upper middle class.
Republican tax cuts have significantly increased the wealth gap.
Meanwhile, income tax is getting lower and lower for the rich.
America spreads its wealth FAR LESS than other developed countries.
America’s income spread is nearly twice the OECD average.
The income gap is NOT growing in other countries, like France.
Inequality is worst around Wall Street and Oil Land.
If you aren’t in the top 1%, then you’re getting a bum deal.