Forum Post: Top 10% now controls 70% of the entire nation's wealth. Bottom 50% controls 2% of the entire nation's wealth.
Posted 13 years ago on Oct. 10, 2011, 6:49 p.m. EST by rmmo
(262)
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Now that is wealth redistribution. Executive salaries have ballooned 256% since 1980 while workers salaries stagnated. Corporations replaced wages for workers with easy credit and loans. The middle class has become a debtor class. The wealthy and big business control Washington since they are now able to spend unlimited funds in elections thanks to the Supreme Court's Citizen United decision.
Serdom 2001 created by reagonomics 1980.