New data shows income of top 1 percent has grown 100 times faster than bottom 50 percent since 1970

New data released Monday explains the numbers behind Sen. Bernie Sanders’ often-cited statistic that the three richest Americans hold more wealth than the 160 million people who make up the bottom 50% of the population.

Washington Post columnist Greg Sargent published what he called “stunning” findings from UC Berkeley economist Gabriel Zucman, showing… Read more…

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