https://www.visualcapitalist.com/a-visual-breakdown-of-who-owns-americas-wealth/
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What are the dates?
Wendy
The solution to the wealth divide is–
- Raise the minimum wage
- Tax the wealthy more vigorously
- Encourage kids to train for better paying jobs
- Convince Congress to do the obvious
Anything else?
We know the answers. Dysfunctional Congress is the heart of the issue.
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End Citizens United
Reinstate the Fairness Act
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Data for this chart is sourced from the Federal Reserve as of Q3, 2024.
Concentration of wealth was always the stated goal of “supply side economics”.
Steve
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Corporate DEMs like Citizens United just as much as Republicans.
The bipartisan culture of corruption is the root cause since the time of Reagan.
intercst
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I know Bernie Sanders keeps saying that “3 billionaires have as much wealth as the bottom 50% of Americans”, but I don’t think that the Top 3 have a combined wealth of more than $1 Trillion on any given day.
intercst
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Dear Wendy and TJS,
Yep the entire study as presented needs to be tossed. The top of the graph says 3 Quarter 2024 with arrows spanning the entire chart. Big snafu.
huh. Yes that’s the one.
Don’t know why that did not work for me. And it still won’t allow me to link the article.
I am waiting to see what happens after the 90 day tariff pause is up.
If the tariffs are re-instated; I predict a massive corporate cash flow to elements that wish to impeach the president.
History repeats itself.
You may remember that JP Morgan, Carnegie, Rockefeller & other wealthy businessmen gave suitcases of cash to help elect McKinley in 1896.
I used tinyurl to get rid of the offending word. Interestingly enough, if you hover over the link in my post, it shows you the offending link rather than the tinyurl link… go figure 
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It is a badly designed chart. The middle section is simply for notation. It is two stacked bar charts. The x-axis is labeled at the top of each bar. The y-axis is unlabeled but appears to be millions of households on the left and trillions of dollars on the right. They would get an F in my 6th grade class and told to do it over for a higher grade.
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It’s bloody awful. Visual Capitalist is usually pretty good at imaginative charts, but this one missed. By a lot.
I believe the y-axis is a percentage. Percent of households on the left and percent of dollars on the right.
–Peter
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There is no x-axis. Just two stacked bar charts and a line drawn between them at each juncture. The label with arrows at the top is just bad labeling.
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So the consensus is that the chart is no good.
Does this mean the top 10%, 1% are not getting wealthier and the poorest members of US society is not getting hosed?
No, it does not. The data is the data. But the data could be presented in a better way.
–Peter
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I see my post regarding Reagan’s & Clinton’s changing laws regarding the US economic system and how business profits at all time highs and the Rand study on how income inequality and how the wealthy have benefited from such an affair and now are outraged on how tariffs affect that sweet deal has been axed.
I wonder which one of the specific topics in that post violated someone’s sensibility?
1 Like