The One Percent Have Gotten $21 Trillion Richer Since 1989. The Bottom 50% Have Gotten Poorer.

Some Democratic presidential candidates say that America’s economic system is badly broken and in need of sweeping, structural change. Others say that the existing order is fundamentally sound, even if it could use a few modest renovations. The former are widely portrayed as ideologues or extremists, the latter as moderates.

And it’s certainly true that Bernie Sanders and Elizabeth Warren are ideologically “extreme,” if our baseline is the median member of Congress or the median policy agenda pursued by recent American presidents. But it’s not clear why these would be the appropriate metrics.

NY Mag, Intelligencer