A Democratic president should start by getting rid of the new tax breaks for the rich.
A very brief history of the post-1980 economy:
— David Leonhardt (@DLeonhardt) February 25, 2019
– The pay of the top 1% of earners has risen much faster than economic growth.
– The pay of the next 9% has risen with economic growth.
– The pay of the bottom 90% has trailed economic growth. https://t.co/m9MlKOk9Fh pic.twitter.com/V0duykq67K
Gilded Age 2.0: U.S. income inequality increases to pre-Great Depression levels https://t.co/MyLB4vcFMA
— Joy Reid (@JoyAnnReid) February 20, 2019
As leading Democrats roll out proposals to increase taxes on the rich, the American people are largely behind them. Voters overwhelmingly see income inequality as a problem the U.S. government should be trying to address. https://t.co/ZyHBsVjtVM
— The New York Times (@nytimes) February 20, 2019
U.S. income inequality has returned to levels not seen since the 1920s — and it could actually be significantly worse, Axios reports.
— Kyle Griffin (@kylegriffin1) February 18, 2019
The top 1% owns about 40% of total household wealth. https://t.co/qi1G6SqRcK
There is simply too much inequality in cities for people to believe a rising tide will lift their boats. https://t.co/FCkoeB6JAL
— Slate (@Slate) February 15, 2019
Since 1982, three families (Koch, Waltons, & Mars) have seen their wealth increase nearly 6,000 percent, adjusted for inflation.
— Robert Reich (@RBReich) April 26, 2019
Meanwhile, the median household wealth went down 3 percent over the same period. Let that sink in.
Sad! 