Sanders: $79 Trillion Siphoned From 90% Since 1975, Exposing Wealth Inequality
A new RAND analysis reveals that $79 trillion has been transferred from the bottom 90% of Americans to the top 1% since 1975, driven by neoliberal policies since the 1970s. In 2023 alone, this redistribution totaled $3.9 trillion— enough to provide a $32,000 raise to every worker. This massive wealth transfer has significantly reduced the share of national income received by the bottom 90%, resulting in a median household income half of what it would have been under equitable income growth. Proposed tax cuts further threaten to exacerbate this inequality.
John Q. Hosedrinker