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Wealthiest 1% redistributed $50 trillion from working Americans

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US Average Household Income Rising Inequality 1967-2012
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The wealthiest 1% has taken $50 trillion from working Americans and redistributed it, a new study finds. Here's what that means.

The report found that $2.5 trillion is redistributed from the bottom 90% of Americans to the wealthiest 1% of Americans every year.
The median college-educated American worker would have seen their annual pay double without this theft.

Read the rest of the story HERE:

At www.businessinsider.com

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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)

Related Topic(s): Income Inequality; Inequality; Wealth Inequality, Add Tags

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