“When we talk about oligarchy, let us be clear about what we mean. Right now, in the United States of America, three families control more wealth than the bottom half of our country, some 160 million Americans. The top 1% own more wealth than the bottom 92% and 49% of all new income generated today goes to the top 1%. In fact, income and wealth inequality today in the United States is greater than at any time since the 1920s.”

Tagged: oligarchy , Authoritarianism , Billionaires , the 1% , Wealth Inequality

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