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According to Zucman’s research, the richest 0.00025 percent—just 400 Americans—have seen their share of America’s national wealth triple since the 1980s, while the wealth of much of the U.S. population has stagnated or declined.
As the Washington Post‘s Christopher Ingraham noted in a breakdown of Zucman’s research, adults in the bottom 60 percent of the wealth distribution “saw their share of the nation’s wealth fall from 5.7 percent in 1987 to 2.1 percent in 2014.”
Consolidation of wealth at the very top, Ingraham observes, “is eroding security from families in the lower and middle classes, who rely on their small stores of wealth to finance their retirement and to smooth over economic shocks like the loss of a job. And it’s consolidating power in the hands of the nation’s billionaires, who are increasingly using their riches to purchase political influence.”
Study Shows Richest 0.00025% Owns More Wealth Than Bottom 150 Million Americans
originally posted by: Bluntone22
a reply to: Southern Guardian
I love the tax return jab at the end......down 8.4%
When in truth...
From a USA today article....
"a smaller refund doesn't mean you're paying more in total in taxes. In many cases, much of your tax savings showed up in each paycheck, which could result in a smaller refund."
Maybe people shouldn't use the goverment as their savings account and start using the extra money per paycheck to get ahead.
But no, they will blame somebody else for all their problems.