Charts of the day: How the rich get so much richer

With America now facing the prospects of a plutocratic, racist president, we offer two charts on the rise of the American super-plutocrats, the first revealing just how much richer they’ve gotten.

First, from “Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data” by Univerity of California, Berkeley economists Emmanuel Saez and Gabriel Zucman, published in the Quarterly Journal of Economics in May:

OP-QJEC160003 519..578

Our second chart comes from Zucman’s latest book, The Hidden Wealth of Nations, and reveals one key tool used to accrue that wealth:

The Hidden Wealth of Nations   The Scourge of Tax Havens


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