During the Reagan-Bush-Clinton era, from 1981 to 1996, the share of the national income that went to those who work for a living shrank by over 12 percent. The share that went to those who live off investments increased almost 35 percent. Less than 1 percent of the population owns almost 50 percent of the nation’s wealth. The richest families are hundreds of times wealthier than the average household in the lower 90 percent of the population. The gap between America’s rich and poor is greater than it has been in more than half a century and is getting ever-greater. Thus, between 1977 and 1989,
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