https://finance.yahoo.com/news/thei...RBbyuihkLYshdT1AAj7tKg9EoiHRPunJNRrsKfa40_Fgp
Three families of dynastic wealth — that’s the Walton, Koch and Mars families — have seen their wealth increase close to 6,000% since 1982
Their combined wealth – a staggering $348.7 billion as of October 2018 – is more than the combined wealth of 4 million American families of median wealth
As the Waltons, Kochs, and Mars families have seen their wealth increase, the median household wealth for Americans has fallen by 3% since 1982
Jeff Bezos, Bill Gates, and Warren Buffett, the three richest people in the world, are wealthier than the bottom half of the country — combined
More generally, the top 1% of the U.S. — a group of 1.6 million families, holds 42% of the nation’s wealth. The bottom 90% only holds 23%. That’s roughly the same amount as the top 0.1%.
Average pre-tax incomes for the bottom 50%, when adjusted for inflation was $16,000 in 1980. More than 30 years later, it was $16,200. In comparison, incomes doubled for the top 10%. This snowballs the wealthier you are. Incomes tripled for the top 1%. And for the top 0.1%? Incomes quadrupled.
I see this as problematic and disturbing