The Fed Just Released a Damning Indictment of Capitalism 🔗 🇺🇸 🏦 📰

The One Percent Have Gotten $21 Trillion Richer Since 1989. The Bottom 50% Have Gotten Poorer.

Does the average American believe that, over the past three decades, our nation’s richest one percent have contributed roughly $22 trillion more to our collective well-being than the poorest 50 percent have? Does she think that the tens of millions of working-class people who spent the past 30 years cooking other Americans’ dinner, cleaning their toilets, caring for their children, harvesting their crops, ringing up their groceries — and performing the countless other poorly remunerated forms of labor that our society demands — collectively produced an infinitesimal fraction of the value that America’s corporate lawyers, hedge-fund managers, venture capitalists, specialist physicians, heirs and heiresses, and other high-paid professionals did?