Wealthiest 20 people own more wealth than half the American population.
The report Billonaire Bonanza: The Forbes 400 and the rest of us, published by the Institute for Policy Studies, exposes the extreme wealth concentrated within the fortunes of the 400 wealthiest Americans and compares this wealth to the much more meager assets of several different segments of American society.
The report proposes several solutions to close the growing gap between the ultra wealthy and the rest of the country. These policies include closing offshore tax havens and billionaire loopholes in the tax code that the wealthy exploit to hide their wealth.
The report also proposes a direct tax on wealth to break up the concentration of wealth and generate trillions of dollars in new revenue to invest in wealth building opportunities for working families.
Read the key findings, find materials to share in social media and download the full report here.