Michael Hurst
Jun 27, 2021

Nobody says that ALL wealth is gotten zero sum. But the obscene wealth of the super rich is. All you have to do is overlay a chart of average productivity on top of one for average wages, to see the revealing split between the two starting in 1980. Since 1975, the richest 1% have sucked over $50 TRILLION away from the rest of the American economy into their own personal accounts. This is highway robbery. The 1% has all the golden eggs, and they aren't letting anybody else have any.

Michael Hurst
Michael Hurst

Written by Michael Hurst

Economist and public policy analyst, cyclist and paddler, and incorrigible old coot.

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