3 ms·
At the peak of the Gilded Age in 1910, the richest 0.00001% of the US population owned wealth equal to 4% of national income. Now, the richest 0.00001% owns 12
by kelseydh 9mo ago
At the peak of the Gilded Age in 1910, the richest 0.00001% of the US population owned wealth equal to 4% of national income.
Now, the richest 0.00001% owns 12%.
US billionaire oligarchs today are even wealthier than the original robber barons.
Source: https://gabriel-zucman.eu/files/SaezZucman2020JEP.pdf https://gabriel-zucman.eu/files/SaezZucman2020JEP.pdf