The Income and Wealth Inequality in this country is exploding out of control. Donald Trump is determined to make it worse with every passing day of his presidency.
--Note: forgot to make it UNMODERATED. This will stay unmoderated.
The general population, the income growth should be approximately at the pace of GDP growth. But for the past 40 years, since Ronald Reagan was president, there has been relentless wealth transfer from the Bottom90% to the Top1%, especially to the Top0.01% (Billionaires).
AMERICAN CAPITALISM IS SERIOUSLY BROKEN:
Below in the Chart:
90th-99th percentile = Upper Middle Class = After-Tax Annual Income of $120,000 to $425,000
nytimes.com
I dubbed the Top0.01% the Billionaires. |
