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Pete F. · 02-05-2020, 08:43 AM

Lie #3

“Since my election, the net worth of the bottom half of wage earners has increased by 47 percent — three times faster than the increase for the top 1 percent.”

Net worth for the bottom half has gone up, but it was from such a low base that it’s pretty silly to call it a boom. People in the bottom half have essentially no wealth — just 1.6 percent of the nation’s wealth — as debts cancel out whatever assets they might have. The top 5 percent hold more than 70 percent of all net worth in the United States.

02-05-2020, 08:43 AM	#5
Pete F. Canceled Join Date: Jun 2003 Location: vt Posts: 13,429	Lie #3 “Since my election, the net worth of the bottom half of wage earners has increased by 47 percent — three times faster than the increase for the top 1 percent.” Net worth for the bottom half has gone up, but it was from such a low base that it’s pretty silly to call it a boom. People in the bottom half have essentially no wealth — just 1.6 percent of the nation’s wealth — as debts cancel out whatever assets they might have. The top 5 percent hold more than 70 percent of all net worth in the United States.
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