Tag: income inequality
The richest 2-5%, those Americans with an average net worth of about $2.5 million, accumulated enough wealth in 2017 to pay for the safety net FOUR TIMES.
Why is it so hard for people with wealth and power to admit all this?
The breaks seldom pay for themselves — and put employees of local businesses out of work.
With inequality ripping us apart, and with few of our national leaders willing or able to confront the problem, we may never again be an equitable and functional society.
The median wealth of the world's adults is $2,222, down from $3,248 at the end of 2007.
In this new Gilded Age of our current Military Industrial Empire the amount of wealth for many individuals is astounding.