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. In sector after sector, whether it is agriculture, transportation, energy, financial services, you name it, a handful of giant corporations control those sectors and engage in price fixing and charge us much higher prices than should be charged. (06:47–06:54)
CLAIM
Asserts unprecedented concentration of ownership in the U.S. economy.
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