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Fifty Trillion Reasons Why
How to understand the massive transfer in wealth to the top 1 percent—and what to do about it.
In the past four decades—under Democrats and Republicans alike—$50 trillion has moved from the bottom 90 percent to the top 1 percent of Americans.
- Gregg Hurwitz and Marshall Herskovitz
- TheBUWARK
Yes, that is trillion with a “t.”
And it wasn’t capitalism that did it. It was anti-capitalism: Corporate bail-outs, oligopolies, laws literally written by lobbyists, stock buy-backs, offshore accounts, tax dodges–dark money and…
Capitalism depends on competition and innovation, yet the goal of all of these strategies was to…