US wealth inequality continues and has reached the level where 20 Americans are now worth as much as half the population. The 400 richest own as much as the bottom 61%. The 20 fit on a bus. The 400 fit in a restaurant. While the data may seem extreme, the estimate is considered to underestimate the inequality because, while the wealth of the bottom 61% is relatively easy to track, the wealth of the wealthiest may be greater if off-shore holdings and loopholes could be accounted for. A majority should hold authority in a representative democracy, but change is hindered by the role wealth plays within the political parties.
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“Billionaire Bonanza” -Institute For Policy Studies