From the “wait and let that sink in” department, a recent report from the nonpartisan Congressional Research Service shows the distribution of wealth across U.S. households has continued to become more concentrated in recent decades.
From 1989 to 2010, the share of wealth held by the top 10% of American households grew to nearly 75%. Three out of every four dollars in wealth is controlled by just 10% of American households, while the bottom half of Americans holds just 1%.
Go read the full story at the Huffington Post.
More To Read
September 24, 2024
Oregon and Washington: Different Tax Codes and Very Different Ballot Fights about Taxes this November
Structural differences in Oregon and Washington’s tax codes create the backdrop for very different conversations about taxes and fairness this fall
September 10, 2024
Big Corporations Merge. Patients Pay The Bill
An old story with predictable results.
September 6, 2024
Tax Loopholes for Big Tech Are Costing Washington Families
Subsidies for big corporations in our tax code come at a cost for college students and their families