Wealth Inequality Is Now As Bad As It Was During The 1920s, Thinkprogress
The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%, RAND Corporation, by way of Time
"Median rent price rose 149% from 1985-2020 while income grew just 35%"
US rent prices rising four times faster than income,
Mortgage Professional America
"In recent decades,
the vast majority of Americans have experienced disappointing growth in their living standards
— despite economic growth that could have easily generated faster gains in their living standards
had it been broadly shared."
Decades of rising economic inequality in the U.S.,
Economic Policy Institute
"The wealth of the world’s 10 richest men has doubled since the pandemic began.
The incomes of 99% of humanity are worse off because of COVID-19."
Inequality Kills,
Oxfam
"In the United States,
the 10% earning the highest incomes take home nearly half of all income and
the richest 10% of all households own more than 70% of all the wealth…
Inequality is higher in the US than in other rich countries…
[B]illionaires make most of their money not through wages but through… investments.
Their assets grow in large part because of a cascade of corporate and individual tax breaks,
rather than salaried wages granted by shareholders.
When the wealthy in the United States earn money from capital gains,
the highest tax rate they pay is 20%,
whereas the highest income earners are on the hook for as much as 37%
on every additional dollar they earn.
This calculation does not even count the effects of tax breaks,
which often slash the real-world capital gain tax to much lower levels."
Why inequality is growing in the US and around the world,
Fatema Z. Sumar, Executive Director of the Center for International Development, Harvard Kennedy School