Why isn't anyone talking about economic inequality in this thread? Did you know that 1% of the US population holds 40% of the nation's wealth? And that real wages have been dropping since the 1980s?
What happens when money concentrates in the hands of a few? This is basic economics.
Who Rules America: Wealth, Income, and Power
If you really want to know what's going on, and why this is happening, read that.
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In terms of types of financial wealth, the top one percent of households have 38.3% of all privately held stock, 60.6% of financial securities, and 62.4% of business equity. The top 10% have 80% to 90% of stocks, bonds, trust funds, and business equity, and over 75% of non-home real estate. Since financial wealth is what counts as far as the control of income-producing assets, we can say that just 10% of the people own the United States of America.
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