Inequality is much worse than we’re led to believe by a dismissive business media. The numbers are hellish, and they’re growing.
1. The Extreme Wealth Gap is Still Expanding
The U.S. has gained $30 trillion in wealth since 2008, about half of it in the stock market , much of the remainder in real estate holdings. Based on prior analyses , data from Credit Suisse and Forbes , and recent work by Thomas Piketty, Emmanuel Saez, and Gabriel Zucman, it’s a rather simple process to estimate the distribution of our nation’s wealth over that time period. The following are […]