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.