Sunday, January 01, 2017

WEALTH GAP IS HELLUVA LOT WORSE THAN I THOUGHT

In the previous post I made a yuuuge error.

It was not the poorest 1%, it was the poorest 50% that made no net gain from 1989 to 2013 while the top 10% made a gain of $31 trillion.

Yep. TRILLION!!

From just a meagre $20 TRILLION to $51 TRILLION.

While the poorest 50% of families made no net gain over the same period.

As I said: we have never had it so good.

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