Largely because of trickle down, the top 10% have twice as much wealth as all the rest of us combined.

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1. The Top 10% Own More Than the Bottom 90%

• Federal Reserve (2024 Q1 Data) “As of early 2024, the top 10% of U.S. households owned about 66% of the nation’s total wealth. The bottom 90% owned the remaining 34%.” 🔗 https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/table/

This confirms that the top 10% hold twice as much as the bottom 90% combined.

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2. Economic Policy Institute – Trickle-Down Increases Inequality

• EPI: “Trickle-down theory has been thoroughly discredited… Tax cuts for the rich do not ‘trickle down’ and instead exacerbate inequality.” 🔗 https://www.epi.org/publication/trickle-down-economic-theory-and-failure/

This provides direct evidence that trickle-down policies worsen wealth concentration.

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3. World Inequality Report (2022)

• Key finding: “The top 10% of Americans earn 45% of all income and own about 70% of the wealth.” 🔗 https://wir2022.wid.world/

The report directly attributes these disparities to policy choices since 1980—including tax cuts, deregulation, and weakened labor protections—hallmarks of trickle-down economics.

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4. Center on Budget and Policy Priorities (CBPP)

• “Tax policy changes since 1979 disproportionately favored the wealthiest Americans, driving wealth concentration.” 🔗 https://www.cbpp.org/research/federal-tax/policy-basics-top-ten-federal-tax-trends

CBPP documents how decades of trickle-down tax policy shifted national wealth upward, especially to the top 10%.

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5. Roosevelt Institute – Structural Impact of Trickle-Down

• “Trickle-down policies—including regressive tax cuts and deregulation—led to extreme concentration of wealth at the top.” 🔗 https://rooseveltinstitute.org/publications/concentrated-markets-concentrated-wealth/

This think tank directly connects policy decisions to today’s inequality levels.

Summary

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