US income inequality continues to grow

[hollodero]

(07-20-2018, 04:05 PM)fredtoast Wrote: 95% of all the new wealth created in the United Sates since 1970 has is owned by the to 5% of the population.

Yet the middle class has fallen for the story that their biggest economic threat is from Mexican immigrants or people on government benefits drawing a few hundred dollars a month.

The middle class is being destroyed by the upper class and the blame is landing on the lowest class.

Populism in a plutocracy.

Oh and also there's now a tax cut that will hand 99% of the benefits to the top 5% in 2027. Not hard to figure who will pay for these cuts in the long run. That people eat that one up because of a possible bonus and some temporary crumbs is one of the most surprising things.

For lack of a better explanation I figure that 95% of people believe they will be amongst the 5% in 2027.