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.
“People are understandably fed up with struggling to get by and being unable to cover their basic needs while billionaires flaunt unimaginably lavish lifestyles,” Rebecca Riddell, policy lead for economic and racial justice at Oxfam America, told Fortune. “Runaway wealth concentration at the very top and persistent poverty are two sides of the same coin, so it’s no surprise that we’re seeing increasing awareness of that troubling dynamic.”
What’s more, most Harris Poll respondents—58%—blamed billionaires for accelerating inflation. Some 62% agreed that “America has become a backyard” for said rich people. While many (46%) Americans don’t believe in limiting wealth, even more suggest taxing the rich (69%). Younger adults are at the forefront of this movement, with 80% of Gen Zers in favor of taxing the wealthy.