- Feb 22, 2017
- 113,919
- 40,428
- 2,290
Gee, maybe that's because the top 20% make 93% of the income.OMB: Top 20% pay 95% of taxes, middle class 'single digits'
Opinion | An Idiot’s Guide to Inequality
First, economic inequality has worsened significantly in the United Statesand some other countries. The richest 1 percent in the United States now own more wealth than the bottom 90 percent. Oxfam estimates that the richest 85 people in the world own as much wealth as the bottom half of humanity.
The situation might be tolerable if a rising tide were lifting all boats. But it’s lifting mostly the yachts. In 2010, 93 percent of the additional income created in America went to the top 1 percent.
That is because we had an incompetent boob in charge!
And nothing changed on Jan 20th