S7 E7: Gilded Age 2.0
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Inequality Underestimation
- Research indicates that people significantly underestimate the extent of wealth inequality in the US.
- For example, the top 0.1% of Americans (over 100,000 families) possess about one-fifth of the nation's wealth.
- Meanwhile, the bottom 90% (nearly 300 million people) own approximately one-fourth of the total wealth.
- This stark disparity, highlighted by politicians like Bernie Sanders and Elizabeth Warren, demonstrates a substantial wealth gap.
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