Report: The wealth gap is back to levels not seen since the 1920s

U.S. wealth concentration is rising. No Images? Click here         400 Richest Americans Own More Than 150 Million Of The Nation’s Poorest: Study​ A new study of the intensifying concentration of wealth in the United States reveals that the 400 richest people in the nation — just .00025 percent of the population — own more than the 150 million adults in the bottom 60 percent, according to an analysis by The Washington Post. The information on the richest Americans, in a working paper by University of California at Berkeley economist Gabriel Zucman, comes as pressure appears to be mounting among American taxpayers to increase taxes on the country’s ultra wealthy. Zucman’s study, “Global Wealth Inequality,” released last month, also found that the 400 richest Americans tripled their wealth since the early 1980s. The share of the nation’s wealth held by the adults in the bottom 60 percent, meanwhile, dropped from 5.7 percent in 1987 to 2.1 percent in 2014, the Post reported, citing the  World Inequality Database that’s maintained by Zucman and other economists. “U.S. wealth concentration seems to have returned to levels last seen during the Roaring Twenties,” Zucman wrote. And as “wealth begets power” the political system is impacted, he noted.  READ MORE     WHAT ELSE IS HAPPENING? The law firm that employs Virginia Lt. Gov. Justin Fairfax (D) has placed him on leave pending an external investigation into sexual assault allegations leveled against him. READ MORE Rep. Ilhan Omar (D-Minn.) on Monday apologized for controversial tweets critical of pro-Israel lobbying efforts after lawmakers from both parties accused her of using “anti-Semitic tropes.” READ MORE A liberal super PAC is ramping up efforts to thwart former Starbucks CEO Howard Schultz’s presidential campaign before it even starts, and is issuing a formal complaint to the Federal Election Commission alleging that Schultz might be “attempting to exploit” federal election law. READ MORE    .     ICYMI She spoke up about sexual harassment at Ernst & Young. Then she got caught in a web of retaliation. Newly released emails reveal the role a general-turned-oil lobbyist played in helping to push through the Dakota Access Pipeline Blackface isn't just offensive; it's dangerous. These books, movies and TV shows prove why.      . Want more?  Trump Trade War Helps Push Farmers Into Record Number Of Bankruptcies Kamala Harris Wants To Legalize Weed: ‘It Gives A Lot Of People Joy’ West Virginia Lawmaker Faces Calls To Resign After Likening LGBTQ People To KKK, ‘Terrorist Group’     HuffPost is now a part of Oath and a part of Verizon. On May 25, 2018 we introduced a new Oath Privacy Policy which will explain how your data is used and shared. Learn More. How will Trump’s administration impact you? Sign up for our email and find out. Did a friend send you this? Subscribe here. Like what you see? Share it. Want more? Here are two other newsletters you'll love: The Morning Email and Must Reads. ©2018 HuffPost | 770 Broadway, New York, NY 10003 You are receiving this email because you signed up for updates from HuffPost Feedback | Privacy Policy | Unsubscribe    . - - Preferences  |  Unsubscribe