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kelseydh | 1 month ago

At the peak of the Gilded Age in 1910, the richest 0.00001% of the US population owned wealth equal to 4% of national income.

Now, the richest 0.00001% owns 12%.

US billionaire oligarchs today are even wealthier than the original robber barons.

Source: https://gabriel-zucman.eu/files/SaezZucman2020JEP.pdf

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