America Has Richer Rich People Than Most Countries

I’ve got some kind of nasty stomach bug and I feel lousy. Does that mean I should take the rest of the day off, or that I should use it as an excuse to be meaner than normal to the usual suspects? Decisions, decisions.

In the meantime, here’s a chart that I already made so it’s ready to go. It shows the change since 1980 in how much wealth the top 1 percent controls in a bunch of rich countries:

This comes from Jonathan Rothwell, who ultimately places the blame for high US inequality on doctors, lawyers, and bankers. I’m not so sure of that, but I thought the chart was worth putting up just to show that high income inequality isn’t some inevitable feature of modern capitalism. Every other country has lower levels than us, and many of them have way lower levels. This is basically a political decision, and we’ve decided that the rich should be very rich indeed.

And then we decided they need a tax cut. After all, since they make more money, they pay more taxes. That’s just not fair, amirite?

Hmmm. I guess I decided on the “meaner” option.

DEMOCRACY DOES NOT EXIST...

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In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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