Not some back of the napkin approximation according to a groundbreaking new working paper by carcassi price Catherine Edwards of the Rand Corporation have the more equitable income distributions of the 3 decades following world war 2945 through 1974 really held steady the aggregate annual income of americans earning below the 90th percentile would have been 2. 00 trillion dollars higher in the year 2018 alone this is an amount equal to nearly 12 percent of g. D. P. Enough to more than double Median Income enough to pay every single american in the bottom 9 deciles an additional 1144. 00 a month every month every single year see the jamison of the scam perpetrated by wall street and the likes of Warren Buffett and the people over a black rock and all the private equity firms and j. P. Morgan and jamie diamond and all the global banks is that they take advantage of compound interest in a way that makes them multi 100 billionaires because it doesnt take my. Much in terms of a percentage i
Great before it was better for a certain class of people i. E. The bottom 99 percent it wasnt as great for the top one percent back then this is not some back of the napkin approximation according to a groundbreaking new working paper by carcassi price Catherine Edwards of the Rand Corporation have the more equitable income distributions of the 3 decades following world war 2945 through 1974 really held steady the aggregate annual income of americans earning below the 90th percentile would have been 2. 00 trillion dollars higher in the year 2018 alone this is an amount equal to nearly 12 percent of g. D. P. Enough to more than double Median Income enough to pay every single american in the bottom 9. 00 deciles an additional 1144. 00 a month every month every single year see the jamison of the scam perpetrated by wall street and the likes of Warren Buffett and the people over a black rock and all the private equity firms and j. P. Morgan and jamie diamond and all the global banks is tha
A look at back at the biggest stories in the last 7 days but 1st stay with us for the kaiser report. Oh hi im max foster this is the kaiser report you know there seems to be a bit of panic in the air. Play lets check in with Stacy Herbert i dont more max as you know weve had 4 years of a lot of political turmoil and starting to spill out into the streets everywhere you look not only in the United States but around the world and Rand Corporation might have an explanation for this now remember Rand Corporation if youre if you were around in the seventys they were part of the pentagon papers right it was identical ellsberg released the hundreds of pages of research they had done on the debacle that was the vietnam war and now they have basically done some research on the debacle that is fed policy of creating can tell you an heiress since 1971 so the top one percent of americans have taken 50 trillion dollars from the bottom 90 percent and thats made the us less secure this is according t
Restrictions amid a surge in coronavirus cases with both france and spain thing record numbers over the weekend. And the Trump Administration draws up new measures against iran after you know a lot of legal reimposing International Sanctions on the country something world powers including washingtons closest allies claim the move as a legally void. For watching R T International bring you your live news update from our studio here in moscow welcome to the program. The belorussian Opposition Leader has called for sanctions against top officials in her country over last months disputed election so met with e. U. Foreign ministers in brussels and urged them to end Financial Support for present government. I proceed to you my friends to help us with basic things to recognize mr illegitimate to release by the typical prison house to introduce individual sanctions against all individuals involved in their election process occasions and political craig she after hearing her speech and in brus
Good evening. The Republican National convention wrapped up a couple hours ago on the south lawn as President Trump accepted the gop nomination. Natalie brand shows us it came in front of a packed crowd of 1500 people. Reporter the president s started his remarks by mentioning hurricane laura, then went on to make his case for reelection. He emphasized the economy and security as he tried to draw a contrast. Fireworks capped off the final night of the Republican National convention. I profoundly accept this nomination for president of the united states. Reporter President Trump delivered fireworks of his own aimed at joe biden. Joe biden is weak. The president continued his calls for law and order amid protests following the Police Shooting of jacob blake in kenosha, wisconsin. The Republican Party condemns the we have seen and democratic run cities like kenosha, minneapolis, portland, chicago and new york. The president did not mention jacob blake by name while praising the police and