We have a situation where the top 1% owns more wealth than the bottom 93%. CEOs of large corporations now earn 350 times more than their average workers. According to the RAND Corporation, not a socialist operation. Over the past 50 years, $79 trillion in wealth has been redistributed from the bottom 90% to the top 1%. Today, quite unbelievably, the average American worker makes less less in real inflation accounted for dollars than he or she did 52 years ago. So that's where we are right now. (00:38–00:50)
CLAIM
Asserts that $79 trillion has shifted from the bottom 90% to the top 1% over 50 years.
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