Wealth Inequality In the United States

Posted on March 7, 2018 by macromon

This is not a chart that generates confidence in future political and social stability.   It looks like the jaws of a Great White ready to bite someone in the arse.

Clearly a contributing factor in the rise of populism and anti-elitism, and 2016’s political Black Swan.   It will only get worse during the Trump administration and then we suspect the country will soon make a hard left turn.   Stay tuned.

 

Wealth_inequality_Mar7

Hat Tip: Real-World Economics Review Blog

This entry was posted in Economics, Politics, Poverty, Uncategorized and tagged , . Bookmark the permalink.

13 Responses to Wealth Inequality In the United States

  1. gulfcoastcommentary's avatar gulfcoastcommentary says:
    March 8, 2018 at 8:46 AM

    There’s a long term chart of income inequality in the US showing that the share of income of the top 1% or 10% is back to 1929 high levels vis a vis the bottom 90%. It then declined for about 50 years. I think we’re facing the same thing going forward including a prolonged period of stagnation/depression (a la Japan).

    Reply

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