by Summary:
It isn't a trickle down, but rather, a gush up. Happily, the Federal Reserve just released some data that makes the state of this alignment easier to gauge. In its new Distributive Financial Accountsdata series, the central bank offers a granular picture of how American capitalism has been distributing the gains of economic growth over the past three decades. Matt Bruenig of the People’s Policy Project took the Fed’s data and calculated how much the respective net worth of America’s top one percent and its bottom 50 percent has changed since 1989. He found that America’s superrich have grown about trillion richer since Taylor Swift was born, while those in the bottom half of the wealth distribution have grown 0 billion poorer. The Intellegencer Eric Levitz - The One Percent
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It isn't a trickle down, but rather, a gush up. Happily, the Federal Reserve just released some data that makes the state of this alignment easier to gauge. In its new Distributive Financial Accountsdata series, the central bank offers a granular picture of how American capitalism has been distributing the gains of economic growth over the past three decades. Matt Bruenig of the People’s Policy Project took the Fed’s data and calculated how much the respective net worth of America’s top one percent and its bottom 50 percent has changed since 1989. He found that America’s superrich have grown about trillion richer since Taylor Swift was born, while those in the bottom half of the wealth distribution have grown 0 billion poorer. The Intellegencer Eric Levitz - The One Percent
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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It isn't a trickle down, but rather, a gush up.
Happily, the Federal Reserve just released some data that makes the state of this alignment easier to gauge. In its new Distributive Financial Accountsdata series, the central bank offers a granular picture of how American capitalism has been distributing the gains of economic growth over the past three decades. Matt Bruenig of the People’s Policy Project took the Fed’s data and calculated how much the respective net worth of America’s top one percent and its bottom 50 percent has changed since 1989.
He found that America’s superrich have grown about $21 trillion richer since Taylor Swift was born, while those in the bottom half of the wealth distribution have grown $900 billion poorer.
The Intellegencer