A new study shows that the richest 400 Americans now own more wealth than the bottom 60 percent of us, over 150 million Americans. This is wealth on the order of the European kings of the 18th century, even worse than it was in the 1920s, which led to the Great Crash.

This massive transfer of wealth from working people to the very rich as the result of Reaganism/Neoliberal policies has not only left half of Americans unable to deal with a $400 expense and destroyed upward mobility for our kids, but is producing a whole spectrum of social ills from teen pregnancies to divorce to suicide to drug addiction. We need to undo Reaganism's tax cuts and then impose a wealth tax to claw back some of these ill-gotten gains.

https://wid.world/country/usa/

-Thom