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Thursday, November 29, 2018

The 1% in America

These two charts show U.S. wealth distribution by trillions of dollars (L) and by percentage (R). If the present trend continues, within three years the wealthiest 1% of Americans will own over half the country's wealth, and half the population will own nothing, zero, nada, zip. It'll be 1929 again. We already have a homeless problem. Will we have children begging in the streets, debtors' prisons and families living like gypsies in their twenty-year-old minivans and SUVs?