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Bernie Sanders On Income Inequality, Or The Robin Hood Principle In Reverse


Since 1985 the share of our nation’s wealth owned by the bottom 90% has plummeted from 36% to 23%. This means that if the bottom 90%–the vast majority of our people–had simply maintained the same share of wealth they had 30 years ago they would have over $10 trillion more today than they in fact do have. Now where did that wealth go? Well, about $8 trillion of it has gone to a tiny tiny sliver of the wealthiest people in our country. Over the past 30 years, the top one-tenth-of-1%, not 1%, one-tenth-of-1% has seen its share of our nation’s wealth more than double from 10% in 1985 to 22% in 2015. The very very rich are getting incredibly richer, the middle class is disappearing, and the poor are getting poorer. That is the tragic reality of our economy today.
Bernie Sanders

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January 13, 2016 2:34 pm

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