5 years ago
2
Study Shows Richest 0.00025% Owns More Wealth Than Bottom 150 Million Americans
As survey data continues to show that raising taxes on the wealthy is extremely popular among the U.S. public, new research by inequality expert and University of California, Berkeley economist Gabriel Zucman found that the richest 0.00025 percent of the American population now owns more wealth than the 150 million adults in the bottom 60 percent. Zucman, who helped Sen. Elizabeth Warren (D-Mass.) develop her "Ultra-Millionaire Tax" proposal, observed in a working paper (pdf) that "U.S. wealth concentration seems to have returned to levels last seen during the Roaring Twenties."
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But 400 people would be 0.000125%, not 0.00025% no?
You're so right. There're ~328,459,190 USAans, so 0.00025% would be, like, twice as many of these mugwump oligarchs. At a guess, they tripped up over this "bottom half" bidness.