26 Billionaires Own The Same Wealth As The Poorest 3.8 Billion People
“While talk of poverty and inequality often focuses on the developing world, rich nations are far from immune. A report published this week by the Institute for Policy Studies, a left-leaning Washington, D.C., think tank, found that the 400 richest Americans own more wealth than all black households and a quarter of Latino households. And social mobility in America is falling. Yet Donald Trump’s administration has slashed taxes for the wealthiest. The 2017 tax bill, trumpeted as a break for the middle class, in reality was found primarily to benefit the wealthiest 1 percent.”