Forget the 1% — the real winners of the post-collapse economy are America’s top one-thousandth.
Using data gleaned from tax returns to estimate the distribution of household wealth in the United States since 1913, economists Emmanuel Saez, of UC-Berkeley, and Gabriel Zucman, of the London School of Economics, have determined that the top 0.1 percent of American households control more than 22% of the nation’s wealth.
Or, in layman’s terms, one-thousandth of the country controls one-fifth of the wealth.
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