By Chuck Collins
Over the prior thirty years, we have seen an intensive redistribution of wealth upward to a tiny fraction of the inhabitants. right here, activist Chuck Collins explains the way it occurred and marshals wide-ranging facts to teach precisely what the 99/1 percentage divide potential within the actual global and the wear and tear it reasons to members, companies, and the earth. most crucial, he solutions the burning query, what may be performed approximately it? He bargains a commonsense advisor to bringing a few society that works for everybody: the 100%. it is a fight that may be received. in any case, the chances are ninety nine to one in our desire.
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Additional info for 99 to 1. How Wealth Inequality Is Wrecking the World and What We Can Do about It
Some in the 1 percent care about the 100 percent and work for a fair and sustainable economy. Others are rule fixers, focused on rigging government policies in their favor to get more wealth and power. But the majority are unengaged and happy to watch their wealth accumulate without weighing in one way or another. The game fixers maintain a worldview that justifies using every tool at their disposal to perpetuate and expand their wealth. Most believe they are the engines of the economic train, creating enterprises and wealth that pull everyone else along.
S. taxes. S. 7 • Between 1983 and 2009, over 40 percent of all wealth gains flowed to the 1 percent and 82 percent of wealth gains went to the top 5 percent. The bottom 60 percent lost wealth over this same period. 7 trillion, more than the bottom 3 billion residents of Earth. • While the middle-class standard of living implodes, sales of luxury items such as $10,000 wristwatches and Lamborghini sports cars are skyrocketing. 8 Most Americans have tolerated these growing inequalities for decades—in large part because they believed that everyone had a chance to climb the ladder to success.
Obviously, 99 to 1 is part demographic and part symbolic. But it is a meaningful and powerful lens to understand this moment in history, as this book will explain. ” (We surveyed hundreds of people to enlist ideas for what to title this book. ”) My own perspective is that we need everyone—the whole 100 percent—to be engaged in changing our imbalanced society. We need every potential ally we can find. I grew up in the 1 percent, so I don’t hate them—they’re my family and childhood friends. I know they are not monolithic.