The gap between the top 1% and everyone else hasn't been this bad since the Roaring Twenties
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
But savings rates are sinking
Poor Americans have a SLIM CHANCE of rising to the upper middle class
Republican tax cuts have significantly increased the gap
Income tax is getting lower and lower for the rich
America spreads the wealth FAR LESS than other developed countries
America's income spread is nearly twice the OECD average
The gap is NOT growing in other countries, like France
Inequality is worst around Wall Street and Oil Land
If you aren't in the top 1%, then you're getting a bum deal
Source:
http://www.businessinsider.com
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
But savings rates are sinking
Poor Americans have a SLIM CHANCE of rising to the upper middle class
Republican tax cuts have significantly increased the gap
Income tax is getting lower and lower for the rich
America spreads the wealth FAR LESS than other developed countries
America's income spread is nearly twice the OECD average
The gap is NOT growing in other countries, like France
Inequality is worst around Wall Street and Oil Land
If you aren't in the top 1%, then you're getting a bum deal
Source:
http://www.businessinsider.com
