This is called oligarchy: government of, by, and for the billionaire class. [View all]

[Uncle Joe]

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The share of wealth held by the Forbes 400 more than doubled from $1.27 trillion in 2009 to nearly $3 trillion this year. That marks a significant increase encouraged by a combination of sliding tax rates, stock market growth, and the economic recovery, according to Gabriel Zucman, an economist at the University of California, Berkeley.

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Zucman, an economist who has consulted with the Warren and Sanders campaigns, noted the staggering amount of wealth that the richest 400 US citizens — or roughly 0.00025% of the American population — has built up over the last decade in a Sunday tweet.

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Many economists say that decades of income tax cuts in particular have led to the increasing concentration of wealth atop the economic pyramid and contributed to the accelerating inequality within US society, now at a record high according to the Census Bureau.