Baum, Rick

Inequality Was Increasing Before Trump

by Rick Baum

Summer 2018

The Federal Reserve Board, the bankers’ bank, has put out figures and reports showing that even before the Trump regime, the rich were acquiring a larger share of the nation’s total income and wealth. The September 2017 Federal Reserve Bulletin reports that “the distribution of income and wealth has grown increasingly unequal in recent years.”¹ Other government reports show that many continue to live in poverty and lack shelter and an adequate amount of food.