this post was submitted on 15 Aug 2024
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United States | News & Politics

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As the American Dream dies, Americans struggle with their billionaires (fortune.com)
submitted 2 months ago by return2ozma@lemmy.world to c/usa@lemmy.ml
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[–] some_guy@lemmy.sdf.org 10 points 2 months ago

And Fed data shows that payday is nowhere near reaching everyone equally. While the share of wealth held by the one percent has increased by a third since 1990, the share of wealth for the poorest 50% has plummeted by around a quarter, an Oxfam spokesperson noted.

How about we tax the shit outta the top 1% like we used to a fifty years ago. And then we can close tax havens and tax loopholes. Let's fucking do something ffs.