America’s Richest 2% Made More Money in 2017 Than the Cost of the Entire Safety Net

How was their money made? Almost entirely by passively waiting for the stock market to go up. The data sources for this report are Forbes et Credit Suisse, both of which provide precise numbers for the worsening surge in America’s wealth inequality.

Etats-Unis. wealth increased by $8.5 trillion in 2017, with the richest 2% getting about $1.15 billion (details ici), which is more than the total cost of Medicaid (federal et état) et l' compléter safety net, deux mandatory et discretionary, including the low-income programs that make up the social support package derisively referred to as ‘welfare.’ Lire la suite…