The wealthiest 10% of Americans own a record 89% of all U.S. stocks

“KEY POINTS

  • The wealthiest 10% of American households now own 89% of all U.S. stocks, a record high that highlights the stock market’s role in increasing wealth inequality.
  • The top 1% gained over $6.5 trillion in corporate equities and mutual fund wealth during the pandemic, according to the latest data from the Federal Reserve.
  • The bottom 90% of Americans held about 11% of stocks, and added $1.2 trillion in wealth during the Covid-19 pandemic.”

A look at world leaders named in the Pandora Papers

https://twitter.com/gabriel_zucman/status/1397235049364443165

Decades of rising economic inequality in the U.S.

Inequality by design: How redlining continues to shape our economy

A ‘Forgotten History’ Of How The U.S. Government Segregated America

As Coronavirus Deepens Inequality, Inequality Worsens Its Spread

https://twitter.com/gabriel_zucman/status/1198454103782780928?lang=en

Americans across the board say income inequality is a bigger problem than illegal immigration

CEO compensation has grown 940% since 1978

“Typical worker compensation has risen only 12% during that time”

https://www.epi.org/publication/ceo-compensation-2018/

$100 in 1978 → $394.49 in 2020

8 Things That Are Becoming Less Affordable for the Middle Class

For the first time in history, U.S. billionaires paid a lower tax rate than the working class last year

THE LEGATUM PROSPERITY INDEX™ 2019

The French Economist Who Helped Invent Elizabeth Warren’s Wealth Tax

Our deepening economic divide is fertile ground for Trump’s demagoguery

Most & Least Federally Dependent States

Red or Blue?

1 New Mexico
2 Mississippi
3 Kentucky
4 West Virginia
5 Alabama
6 Arizona
7 Alaska
8 Montana
9 South Carolina
10 Indiana
11 Louisiana
12 Tennessee

https://wallethub.com/edu/states-most-least-dependent-on-the-federal-government/2700/

The Week in Public Finance: The 10 States That Give More to the Feds Than They Get Back

Which States Rely the Most on Federal Aid?

A Guide to Statistics on Historical Trends in Income Inequality

Top US bosses earn 278 times more than their employees

Richest 1 percent have seen income share grow 70%: CBO

Some dirty words (HBO) but Must Watch:

25 richest families in the world are worth more than $1 trillion

Gilded Age 2.0: U.S. Income Inequality Increases to Pre-Great Depression Levels

Income Inequality

A Year After the Middle Class Tax Cut, the Rich Are Winning

The Republican tax bill got worse: now the top 1% gets 83% of the gains

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The GOP Tax Cut HAS to be REPEALED!

May 19, 2023 2 tags

Twitter Shares They want more tax cuts and less regulation: Billionaires are cozying up to Trump A Great Example! Meet the Billionaire and Rising GOP Mega-Donor Who’s Gaming the Tax

Amazon will pay $0 in taxes on $11,200,000,000 in profit for 2018

June 20, 2019 1 tag

Twitter Shares The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax Warren Buffett? In 2017 the GOP and Donald Trump gave Berkshire-Hathaway $29 Billion

Taxes

June 16, 2019 1 tag

Twitter Shares We will be documenting our fair, equitable, tax plan here. Fiscal Facts We will be repealing the GOP Tax ‘Cut. NOT the cut you and we got, the