No, it
isn't only that. The
rate of growth also increased as you go up the scale. Look at the 50% mark and the 99% mark:
Code:
Yr 50% 99% Ratio
1963 41 1,457 35.54
1983 83 3,323 40.03
2016 97 10,400 107.21
Let's specifically take the period since 1983, the Reaganomics Era:
50% wealth increase = (97-83)/83 = 17%
99% wealth increase = (10,400-3,323)/3,323 = 213%
That is what Republican and Democratic Neoliberal economic policies do.
Let's compare to the period 1963 - 1983, the Great Society Era:
50% wealth increase = (83-41)/41 = 102%
99% wealth increase = (3,323-1,457)/1,457 = 128%
That is what an aggressive graduated income tax does.
The low marginal tax rates increased the 99%'s ROI by 85% -- the
exact amount that the 50%'s ROI decreased. It robbed from the middle class and gave to the rich.
That is the greatest redistribution of wealth between the classes in world history. It destroyed the American middle class and is now destroying democracy.
* Moved to Economics thread *
