How much difference is too much?

Today, it is too much. We are now a Nation with a wealthy ruling class. This state of affairs is anti-democratic. I say no to aristocracy.

Here is a recent Facebook post: I favor steep wealth and income taxes. Read, The Price of Inequality on how the present distribution of wealth and income damages our economy https://business.columbia.edu/.../imce.../Joseph_Stiglitz/

Wealth distribution in the United States is highly unequal, with the top 10% of earners owning nearly two-thirds of the total wealth, while the bottom 50% hold only 2.5%.Top Earners: As of early 2024, the top 10% of earners in the U.S. owned approximately 65% of the total wealth. This concentration of wealth highlights significant economic inequality, as the wealthiest households continue to accumulate more assets over time. Bottom 50%: In stark contrast, the lowest 50% of earners possess only 2.5% of the total wealth, illustrating the widening gap between the rich and the poor. Wealth Inequality TrendsTop 1% and 0.1%: The wealth share of the top 1% has increased significantly, with this group holding more than 26% of total U.S. wealth. The top 0.1% alone has seen their share rise to record levels, now accounting for about 14% of total wealth, up from 9% in 1990. Middle Class Decline: Households in the middle-income brackets (50th to 90th percentiles) have experienced a decline in their share of wealth, while the wealth of the top earners has surged. This trend indicates a growing economic divide, with the middle class facing stagnation or decline in wealth accumulation. Wealth by Quintile: The wealth distribution is starkly illustrated by the fact that the top 20% of households have over four times the wealth of the fourth quintile, which itself has nearly double the wealth of the third quintile. Assets and Liabilities: The wealthiest households primarily hold their assets in stocks and mutual funds, while lower-income households tend to have more of their wealth tied up in real estate and retirement accounts.The wealth distribution in the U.S. reflects significant inequality, with a small percentage of the population controlling a vast majority of the wealth. This trend raises important questions about economic policy and social equity as the gap between the rich and poor continues to widen. For more detailed statistics and visualizations, resources from the Federal Reserve and other economic studies can provide further insights.U.S. wealth distribution Q2 2024 - StatistaWealth distribution in America has become increasingly concentrated since 1990. Today, the share of wealth held by the richest 0.1% is currently at its peak, https://www.visualcapitalist.com › wealth-distribution-in-americahttps://usafacts.org How has wealth distribution in the US changed over time?Nov 14, 2023 · The highest-earning Americans have increased their share of wealth over the past three decades, while the middle …Using Federal Reserve data, the chart visualizes how much Americans of different incomes both own and owe — from real estate and mortgages t…https://www.federalreserve.gov › releases › dataviz › ...Oct 29, 2024 · In the first quarter of 2024, almost two-thirds percent of the total wealth in the United States was owned by the top 10 percent of earners. In comparison, the lowest 50 percent of earners..

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The Last Class with Robert Reich Step into the mind, heart, and classroom of a teacher who will change how you see the world, and yourself in it. Watch The Last Class film—and get the education you didn’t know you needed. Learn more “We can have democracy in this country, or we can have great ... https://www.inequalitymediacivicaction.org/ Inequality Media Civic Action