The richest 3 Americans are getting a tax cut, and they own more wealth than 160 million Americans

This is a short diary.  I wrote one on Friday about the tax cuts rich Republican donors were getting.  

Fundamentally I do not think people really get how extreme the ownership of wealth is in the country.  Maybe it is because people understand the world through stories, and as a result citing statistics just doesn’t get the truth across.

Maybe this will help:

Billionaire Ray Dalio is calling code red on the US economy after a study finds America's 3 richest men have more wealth than the poorest 160 million Americans combined https://t.co/iSptUbmIwr

These three men are going to get tax cuts as a result of the tax reform package winding its way through congress in the form of an estate tax repeal. 

The full report, authored by the Institute for Policy Studies, is here.  I highly recommened it.

It is useful, I think, to note the founding fathers views on the danger of wealth concentration.  Benjamin Franklin unsuccessfully pushed for the first Pennsylvania constitution to declare concentrated wealth "a danger to the happiness of mankind."

The rich give donations to politicians.  The politicians do their bidding.  And the rich get richer.