The bottom 50% in the US has a net worth of NEGATIBE $200B ?!
Over the last 30 years, the top 1 percent has added $21 trillion to their wealth while the bottom 50 percent has lost $900 billion. https://www.peoplespolicyproject.org/2019/06/14/top-1-up-21-trillion-bottom-50-down-900-billion/ …pic.twitter.com/nD5y69LgdA
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Correction: STOLEN.
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Trickle down economics seems to be working.
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Even the 1989 difference would be disgusting.
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#CorporateSocialists VS#DemocraticSocialism From this day forward.#ClassWarfareThanks. Twitter will use this to make your timeline better. UndoUndo
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seems high tbqh
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This also leaves out funds that the top 1% hide in offshore banks, suspect LLCs created with the Express purpose of transfering funds in a convoluted web so the assets are harder to track and tax.
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This doesn't factor potential changes in age composition (more older retirees and young people who have delayed entry into the work force in the bottom 50%) between those groups. Without that information to account for heterogeneity, we can't draw conclusions about causes.
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