One sentence that perfectly explains why the middle class has to care about inequality

summers

Larry Summers sums up the cost of rising inequality to the typical American household: “If the US had the same income distribution it had in 1979, the bottom 80 per cent of the population would have $1 trillion — or $11,000 per family — more. The top 1 per cent $1 trillion — or $750,000 — less.”

http://go.shr.lc/1Govtn7

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