The super-rich are pillaging the world and making everyone less safe in the process.
America’s super-rich are taking not just from their own nation but from the rest of the world.Data from the 2017 Global Wealth Databook and various war reports help to explain why U.S. citizens are alienating people outside our borders.
From 2012 to 2017 global wealth increased by $37.7 trillion and U.S. wealth increased by $26 trillion.
Largely because of a surging stock market – our nation took nearly 70 percent of the entire global wealth gain over the past five years.
Based on their dominant share of U.S. wealth – America’s richest 10 percent—much less than 1 percent of the world’s adult population—took over half the world’s wealth gain in the past five years.