While most of us were busy watching the Trump administration and their crack team of “populist” millionaires light the world on fire, a new study released by Thomas Piketty, Facundo Alvaredo, Lucas Chancel, and Emmanuel Saez underlined the fact that the steep costs of our historic level of economic inequality are being borne by those at the bottom of the economic system, particularly here in the United States. As the Market Watch story on this new research outlined:
In the U.S., between 1978 and 2015, the income share of the bottom 50% fell to 12% from 20%. Total real income for that group fell 1% during that time period. [Read more…]











