Robert Reich, RobertReich.org
Submitted by: Editor
Comprehending The Richest .01 Percent
[Reich] We’re talking about 16,000 people, each worth at least $110 million.
One way to get your mind around this is to compare their wealth to that of the average family. In 1978, the typical wealth holder in the top .01 percent was 220 times richer than the average American. By 2012, he or she was 1,120 times richer.
These are the people buying your democracry from under your feet.