Scotties Toy Box

December 10, 2019

‘Staggering’ New Data Shows Income of Top 1% Has Grown 100 Times Faster Than Bottom 50% Since 1970

Filed under: Economics, Fascism, Greed, News, Political, Questions — Scottie @ 08:44

New data released Monday explains the numbers behind Sen. Bernie Sanders’ often-cited statistic that the three richest Americans hold more wealth than the 160 million people who make up the bottom 50% of the population.

Washington Post columnist Greg Sargent published what he called “stunning” findings from Stanford University economist Gabriel Zucman, showing how both an explosion in annual earnings by the rich and an increasingly regressive tax structure have combined to allow the top 1% of Americans’ wealth to triple over the past five decades.

2 Comments »

  1. 😡❗❗

    Liked by 1 person

    Comment by Nan — December 10, 2019 @ 15:31


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