Detailed text transcripts for TV channel - MSNBC - 20171226:16:29:00
Widening to extreme proportions. >> in the 1950s, in the 1960s, income inequality was falling. the poor and the middle class were getting larger pay increases than the rich. >> by the 1980s, the bottom 90% of earners owned 35% of the country's wealth. while this top 1% had only 24%. today that's reversed. the top 1% own nearly 40% of the country's wealth why the bottom 90% control just 27%. >> income inequality is the gap between what the rich are earning and what everyone else is earning. one of the dominant features of the u.s. economy over the last 40 or 50 years is it has been growing a lo...