<
https://www.sanders.senate.gov/press-releases/new-study-nearly-80-trillion-redistributed-from-the-bottom-90-to-the-top-1-since-1975/>
"WASHINGTON, March 4 – As Republicans prepare legislation to provide more tax
breaks to billionaires with massive cuts to programs working families need,
Senator Bernie Sanders (I-Vt.) today highlighted a new report from the
nonpartisan RAND Corporation, which found that nearly $80 trillion in wealth in
the United States has been redistributed from the bottom 90 percent of
Americans to the top 1% over the past 50 years.
“Over and over again, my Republican colleagues have expressed their deep
concern about the redistribution of wealth in America, and they are right,”
said Sanders. “The problem is that it has gone in precisely the wrong
direction. Since 1975, nearly $80 trillion in wealth has been redistributed
from the bottom 90% of Americans to the top 1%. The massive income and wealth
inequality in America today is not only morally unjust, it is profoundly
damaging to our democracy. Given this reality, we cannot provide another $1.1
trillion tax break to the top 1% by making massive cuts to healthcare, housing,
education and nutrition assistance as President Trump and Republicans in
Congress want to do. We must do the exact opposite.”"
Via Muse.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
