>Seventy-seven percent of the over $279 billion in retirement tax breaks go to the wealthiest 20 percent of Americans, according to an Economic Innovation Group report. **What’s more, only the top 10 percent of Americans have enjoyed wealth increases over the last forty years.**
The last bit does help explain why so many ordinary folk don’t accept that the economy is doing well.
It doesn’t matter if gdp growth is 5% when your share is 0%.
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>Seventy-seven percent of the over $279 billion in retirement tax breaks go to the wealthiest 20 percent of Americans, according to an Economic Innovation Group report. **What’s more, only the top 10 percent of Americans have enjoyed wealth increases over the last forty years.**
The last bit does help explain why so many ordinary folk don’t accept that the economy is doing well.
It doesn’t matter if gdp growth is 5% when your share is 0%.