View: "Wealth Effect" = Widening Wealth Inequality | Zero Hedge
"Wealth Effect" = Widening Wealth Inequality | Zero Hedge
As this chart shows, the bottom 90% lost ground, and the really substantial gains have accrued only to the top 1%.
When one man can make $30 Billion tax free in one year (Jeff Bezos) and some poor schmuck working 60 hours/week to make $200K is taxed at 50% plus in CA the explanation is obvious why there is vast wealth disparity. The stupid tax donkeys in the lower, middle and upper middle class are paying the tab for the truly wealthy. Trump's brilliant tax plan only exacerbates the inequality.
This is what revolutions are made of, Таварыш