Bernie was right - we have the poorest middle class in the world
the United States has a massive income distribution problem. And, well, that Bernie Sanders is pretty accurate when he says taking down the "billionaire class" a notch or two is essential to rebuilding our middle class.
From the Washington Post:
North America is the only global region where the middle class’s share of wealth does not exceed its adult population share, making it the only region where the middle class has less than average wealth.
This distributional challenge is particularly problematic when one is forced to grapple with the fact that not only is the U.S. middle class -- in relative terms -- quite poor, but also that it benefits from almost zero public goods present in other advanced countries, like free-at-use health care, subsidized (or free) college tuition, reliable public transit, or subsidized child care
Article displays two charts - the first showing Americans as being truly wealthy, out -stripping other countries. And the second showing how the middle class' share of that wealth ranks among the lowest of all the other countries.
http://www.dailykos.com/story/2015/10/16/1433603/-The-United-States-has-the-world-s-poorest-middle-class
Watching the debates I felt Hillary really put her foot in her mouth when she said (defending capitalism, I guess) that American is not Denmark.
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