400 Richest Americans Own More Than 150 Million Of The Nation’s Poorest: Study

A new study of the intensifying concentration of wealth in the United States reveals that the 400 richest people in the nation — just .00025 percent of the population — own more than the 150 million adults in the bottom 60 percent, according to an analysis by The Washington Post.

The information on the richest Americans, in a working paper by University of California at Berkeley economist Gabriel Zucman, comes as pressure appears to be mounting among American taxpayers to increase taxes on the country’s ultra wealthy.

Zucman’s study, “Global Wealth Inequality,” released last month, also found that the 400 richest Americans tripled their wealth since the early 1980s.


Recommended PRODUCTS
  • Gives you the skills to give Reiki healing to your Dogs, Cats, Horses or any other pets.
  • Discover The Self Defense Secret from Martial Arts Training Video Online
  • Don't Pay Taxes You Don't Owe Most Pay Is NOT Taxable Find Out Now.
  • Don't study harder, study smarter Speed Study Secrets anyone can use
  • Learn What The Bible Says About Retirement and How To Make Your Retirement Life Truly Everlasting.
  • Priceless collection of proven tips, tools and techniques to turn into a super-achiever.
  • Generate a steady full-time income today and scale up fast as big as you want
  • Offers a relaxed study, incorporating the knitting process into your life and Bible Study.
  • Discover The 7 Secrets To Becoming An End-Time Prophecy Expert In 48 Hours...
  • Cfa exam software, written study guides, thousands of tough Cfa exam questions.
  • Are you frustrated that your expensive karoke player does not let you play.
  • This file can easily help increase the sales and profits from letters in just minutes.
  • Quickly cure your acid reflux and enjoy permanent freedom from heartburn
  • Helping Americans achieve curative self-sufficiency even in the darkest times.
  • Prenuptial Agreement Forms For All States. Suitable For Marriage, Dating And Financial Sites.
  • Clickbank Ads
     

    The share of the nation’s wealth held by the adults in the bottom 60 percent, meanwhile, dropped from 5.7 percent in 1987 to 2.1 percent in 2014, the Post reported, citing the  World Inequality Database that’s maintained by Zucman and other economists.

    “U.S. wealth concentration seems to have returned to levels last seen during the Roaring Twenties,” Zucman wrote. And as “wealth begets power” the political system is impacted, he noted. 

    Zucman has advised Rep. Elizabeth Warren (D-Mass.) on her plan to impose an annual “wealth tax” on people with $50 million and more in assets. Three online polls early this month showed support for her plan running from 50 percent to as high as 61 percent.

    Rep. Alexandria Ocasio-Cortez (D-N.Y.) has also talked of boosting the marginal income tax rate to 70 percent for the portion of income exceeding $10 million a year. The majority of Americans support raising taxes on the wealthy, according to polls. A survey early this month found that 76 percent of registered voters support raising taxes on the wealthiest.

    Zucman’s study compared net worth — not income — which is the value of everything that a family owns, minus debt. Homes, land, rental properties, stock, bank accounts and any business holdings are all included. Personal possessions, like cars, were not included.

    Original Article : HERE ; This post was curated & posted using : RealSpecific

     


    Recommended PRODUCTS
  • Offers a relaxed study, incorporating the knitting process into your life and Bible Study.
  • Discover The 7 Secrets To Becoming An End-Time Prophecy Expert In 48 Hours...
  • Discover The Self Defense Secret from Martial Arts Training Video Online
  • Learn What The Bible Says About Retirement and How To Make Your Retirement Life Truly Everlasting.
  • This file can easily help increase the sales and profits from letters in just minutes.
  • Gives you the skills to give Reiki healing to your Dogs, Cats, Horses or any other pets.
  • Don't Pay Taxes You Don't Owe Most Pay Is NOT Taxable Find Out Now.
  • Are you frustrated that your expensive karoke player does not let you play.
  • Priceless collection of proven tips, tools and techniques to turn into a super-achiever.
  • Don't study harder, study smarter Speed Study Secrets anyone can use
  • Cfa exam software, written study guides, thousands of tough Cfa exam questions.
  • Generate a steady full-time income today and scale up fast as big as you want
  • System unleashes the groundbreaking secrets of the latest demolisher betting system.
  • A Step-By-Step Formula From Which You Can Generated Over 2 Million Dollars Net Profits.
  • Day Job Destroyer Learn how to make money online - passive income secrets.
  • Eve Online's Richest Player Reveals All His Techniques Making Billions
  • Clickbank Ads
     

    Thank you for taking the time to read our article.

    If you enjoyed our content, we'd really appreciate some "love" with a share or two.

    And ... Don't forget to have fun!

    Recommended

    A N I M A T I O - Developer Edition

    Animatio is a unique visual Impact App which enables users to fix eyeballs to the page instantly…

    Shopi-Outsourcing Training

    Outsourcing Training

    INSTA BRANDING KIT (Extended)

    If You Can Point and Click With Your Mouse, Then You Can Create UNLIMITED-AMAZING Brand Identity in Minutes, Save You Time and Thousand of Dollars. ONLY If You Have This Tool!!

    Leave a Reply