In 1980, the top 1% held about $3 trillion dollars collectively among them.

Today, that number is about $53 trillion dollars.

The wealthy have stolen roughly $50 trillion dollars from the poor and middle class in the last 50 years, or about a trillion dollars a year.

If even 1% of that had ever "trickled down", the median American would have about a half a million dollars in their bank account.

@Lana @sinchens_ Thatโ€™s the point. It trickled up.

@Lana

I don't want to derail your main message, which is that rich funneled financial power into their control and is absolutely correct, but I'm wondering where the half a million dollars calculation comes from?

taking 1% of 50 trillion and dividing by 350 million people-ish in the US

$50e12 * 0.01 /350e6 = $1430/person or so

@dlakelan @Lana

Dan, I get $143,000 / person fwiw.

@yunchtime @Lana

I think that's for 100% of 50 trillion, but the original claim was for 1%