Thursday, December 3, 2015

Via Robert Reich / FB

 
 
Wealth is now more concentrated than it's been since the 1890s. According to a new report from the Institute for Policy Studies (you can find it at: www.ips-dc.org/billionaire-bonanza/):

-- America’s 20 wealthiest people (a group that could fit comfortably in the single Gulfstream G650 luxury jet pictured below) now own more wealth than the bottom half of the American population combined, a total of 152 million people in 57 million households.

-- The wealthiest 100 households now own about as much wealth as the entire African American population in the United States.

-- The wealthiest 186 members of the Forbes 400 own as much wealth as the entire Latino population of the United States.

-- With a combined worth of $2.34 trillion, the Forbes 400 own more wealth than the bottom 61 percent of the country combined, a staggering 194 million people.

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