Wealth and Inequality in America, the Rich Get Richer and the Poor Get Poorer
Courtesy of Gus Lubin, here are some charts that will absolutely blow your mind (you can find all of them here):
Half of America has 2.5% of the wealth
Half of America has 0.5% of the stocks and bonds
Look at the gap grow!
The last two decades were great…except for American workers
Real average earnings have not increased in 50 years
Republican tax cuts have significantly increased the gap
Income tax is getting lower and lower for the rich
If you aren’t in the top 1%, then you’re getting a bum deal
Normalized to 1979, the top 1% have seen their share of American’s income more than double. The bottom 90% have seen their portion shrink.