Comment on 1 percent of households are $2.5 million richer in the past year

1 percent of households are $2.5 million richer in the past year

(Credit: Getty/gawriloff) Inequality, like a malignant tumor, is growing out of control, and the only response from Congress is to make it even worse. Those at the richest end of the nation seem to have lost all capacity for understanding the meaning and values of an interdependent society. They’ve convinced themselves that they deserve their passively accumulated windfalls, and that poorer people have only themselves to blame for their own misfortunes. It’s Getting Uglier Every Year The average 1% household made nearly $2.6 million in the 12 months to mid-2017, mostly from the stock market.

 

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