Latest Federal Reserve figures show widening wealth inequality, and it's much worse if you're not white


#1

Originally published at: https://boingboing.net/2017/10/02/hereditary-meritocracy.html


#2

Why do these pieces never talk about black on black inequality?

(let me know if you saw through my effort at redirection).


#3


#4

And by all means please get that Tax Break for the 1% fast-tracked TGOP.


#5

Matt Bruenig’s breakdown of the numbers paints a depressing picture of a world where the super-rich own it all and the rest of us knife each other for scraps and crumbs.

Obligatory:


#6

It’s almost as if marginal people are better off… not measuring or exchanging wealth via Federal reserve notes. Joining the end of a rigged game, is automatically a losing game.


#7

Top 10% makes a nice graph, but the top 10% of income earns half of what the top 5% does and less than one quarter of what the top 1% earns. As income disparity grows, those gaps also continue to grow.


#8

http://www.lcurve.org/


#9

I’m guessing it’s safe to assume that despite slavery being outlawed, wealthy whites will continue to own the minorities some way or another.


#11

 


#12

I guess this is just the official wealth too, not all the money hidden away in tax shelters.


#13

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