America is the wealthiest country the world has ever seen.
Of course, that wealth is not evenly distributed (and never has been).
It’s concentrated.
The top 10% control nearly 70% of the wealth in this country. The top 1% has the same amount of wealth as the bottom 90% (each is 32% of the total).
The top 1% owns more than 50% of the stocks, while the bottom 50% owns 1% of the stocks.
And it’s not just the top …