Democracy Dies in Darkness

How rising inequality hurts everyone, even the rich

Reporter
February 6, 2018 at 6:00 a.m. EST

Over the past 40 or so years, the American economy has been funneling wealth and income, reverse Robin Hood-style, from the pockets of the bottom 99 percent to the coffers of the top 1 percent. The total transfer, to the richest from everyone else, amounts to 10 percent of national income and 15 percent of national wealth.