Renewable Revolution

December 5, 2019 | EDUCATE!

By Bob Lord, Inequality.org

SNIPPET:

Wealth in America has concentrated — and dramatically so — over the past four decades. Since 1980, note wealth researchers Emmanuel Saez and Gabriel Zucman, the top 0.1 percent share of the nation’s total wealth has more than doubled, from under 10 percent in 1980 to over 20 percent today. In a nation of over 125 million households, just one ten-thousandth of those households — some 12,500 — now control over 10 percent of our wealth. But can numerical abstractions like these help us truly grasp the reality of the inequality that’s overtaken America? Or are these numbers too, well, abstract?

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