Monday, April 7, 2014

this week's quote on the state of the plutocracy

“Since the 1960s, the richest one-thousandth of U.S. households, with a minimum net worth today above $20 million, have more than doubled their share of U.S. wealth, from around 10 percent to more than 20 percent. Take a moment to process that. One-thousandth of the country owns one-fifth of the wealth.” —Jordan Weissmann, The Shocking Rise of Wealth Inequality: Is it Worse Than We Thought?