Over the last six years, billionaires in America have more than doubled their wealth. And over the last 50 years, this trend has been going on for a while. According to the Rand Corporation, $79 trillion in wealth has been redistributed from the bottom 90% to the top 1%. So that's where we are in terms of income and wealth inequality. But it's more than that. Today we have more concentration of ownership in our economy than ever before. (06:22–06:36)
CLAIM
Asserts $79 trillion has shifted from the bottom 90% to the top 1%.
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