… and what they found is that over the same 50 years, there has been a massive redistribution of wealth. So, compared to where we were 50 years ago, what they Rand Corporation... found... a $50 trillion transfer of wealth from the bottom 90% to the top 1% over 50 years. So the people who took advantage of all of that increase in worker productivity were not the workers, but the people on top. But it is not only income that worries me. (35:06–35:50)
CLAIM
Asserts that a study found a $50 trillion wealth transfer from the bottom 90% to the top 1% over 50 years.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
