Monday, November 25, 2019

Even the Wealthiest Support at Least Some Tax Reform.

Bill Gates and Warren Buffett have agreed that they should be paying more taxes and Jeff Bezos could afford to pay out a 38 billion dollar divorce settlement.

Money -- Catherine Clifford
Wealth Number Ranking Shows Inequality
Indeed, in 2018, the world’s wealthiest 26 individuals had the same amount of wealth as the poorest half of the population, according to an Oxfam report published in January. That’s down from the 43 wealthiest people the year before.

St.Louis Fed
What Wealth inequality in America Looks Like
Wealth inequality in America has grown tremendously from 1989 to 2016, to the point where the top 10% of families ranked by household wealth (with at least $1.2 million in net worth) own 77% of the wealth “pie.” The bottom half of families ranked by household wealth (with $97,000 or less in net worth) own only 1% of the pie.

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