by Summary:
In its new Distributive Financial Accounts data 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 Projecttook 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. Americans' solution? Elect a billionaire capitalist president.New York Magazine — IntelligencerThe One Percent Have Gotten Trillion Richer Since 1989. The Bottom 50% Have Gotten Poorer. Eric Levitz
Topics:
Mike Norman considers the following as important: inequality
This could be interesting, too:
In its new Distributive Financial Accounts data 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 Projecttook 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. Americans' solution? Elect a billionaire capitalist president.New York Magazine — IntelligencerThe One Percent Have Gotten Trillion Richer Since 1989. The Bottom 50% Have Gotten Poorer. Eric Levitz
Topics:
Mike Norman considers the following as important: inequality
This could be interesting, too:
Nick Falvo writes Homelessness among racialized persons
Nick Falvo writes Housing and homelessness study tour of London (UK)
Nick Falvo writes Homelessness among Indigenous peoples
Nick Falvo writes Homelessness in New York City
In its new Distributive Financial Accounts data 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 Projecttook 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.Americans' solution? Elect a billionaire capitalist president.
New York Magazine — Intelligencer
The One Percent Have Gotten $21 Trillion Richer Since 1989. The Bottom 50% Have Gotten Poorer.
Eric Levitz