{"id":23644,"date":"2022-09-29T12:28:00","date_gmt":"2022-09-29T19:28:00","guid":{"rendered":"https:\/\/occupysf.net\/?p=23644"},"modified":"2022-09-29T12:28:02","modified_gmt":"2022-09-29T19:28:02","slug":"obscene-says-sanders-after-cbo-reports-richest-1-now-owns-over-1-3-of-us-wealth","status":"publish","type":"post","link":"http:\/\/occupysf.net\/index.php\/2022\/09\/29\/obscene-says-sanders-after-cbo-reports-richest-1-now-owns-over-1-3-of-us-wealth\/","title":{"rendered":"‘Obscene,’ Says Sanders After CBO Reports Richest 1% Now Owns Over 1\/3 of US Wealth"},"content":{"rendered":"\n
\"Bernie<\/figure>\n\n\n\n

Sen. Bernie Sanders (I-Vt.) joins student debtors at an April 27, 2022 protest outside the White House in Washington, D.C. (Photo: Paul Morigi\/Getty Images for We The 45 Million)<\/strong><\/p>\n\n\n\n

“In the richest country on Earth, the time is long overdue for us to create a government and an economy that works for all of us, not just the 1%.”<\/em><\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

BRETT WILKINS<\/a> September 28, 2022 (CommonDreams.org)<\/p>\n\n\n\n

U.S. Sen. Bernie Sanders<\/strong> reacted Wednesday to new government figures showing the wealthiest 1% of Americans now owns over one-third of the country’s wealth by reasserting calls for systemic reforms to tackle the highest economic inequality of any major developed nation in the world.<\/p>\n\n\n\n

“A society cannot sustain itself when so few have so much while so many have so little.”<\/p>\n\n\n\n

The nonpartisan Congressional Budget Office (CBO) on Tuesday published Trends in the Distribution of Family Wealth, 1989 to 2019<\/em><\/a>, a report revealing that while the total real wealth of U.S. families tripled over those 30 years, the growth was dramatically unequal.<\/p>\n\n\n\n

“Families in the top 10% and in the top 1% of the distribution, in particular, saw their share of total wealth rise over the period,” the report notes. “In 2019, families in the top 10% of the distribution held 72% of total wealth, and families in the top 1% of the distribution held more than one-third; families in the bottom half of the distribution held only 2% of total wealth.”<\/p>\n\n\n\n

In a statement, Sanders (I-Vt.) said<\/a> that “this report confirms what we already know: The very rich are getting much, much richer while the middle class is falling further and further behind, and being forced to take on outrageous levels of debt.”<\/p>\n\n\n\n

“The obscene level of income and wealth inequality in America is a profoundly moral issue that we cannot continue to ignore or sweep under the rug,” the two-time Democratic presidential candidate argued.<\/p>\n\n\n\n

Yet our mentions stay filled with people attacking those in that tiny bottom sliver as if they are what's causing economic strife in the US.

It is in EVERYONE'S interest for this graph to look very different, very soon. This level of inequality is not sustainable.#RaiseTheWage<\/a> https:\/\/t.co\/EAz3V4Soxg<\/a><\/p>— Fight For 15 (@fightfor15) September 28, 2022<\/a><\/blockquote>