Dear John,

 

Last week, Tesla CEO Elon Musk became the first person in history to be worth more than $300 billion.

 

For context, it would take the median U.S. worker over 4 million years to make that much.

 

We’re now in America’s second Gilded Age, just like the late 19th century when a handful of robber barons monopolized the economy, kept wages down, and bribed lawmakers.

 

Simply put, wealth inequality is eating this country alive. 

 

But we cannot solve this problem unless we know how it was created in the first place.

 

Our latest video lays out the full story of wealth inequality in America: how we got here, how the super-rich are staying so rich, and how we can fix it.

 

One of the most important things you as an individual can do is take the time to understand the realities of wealth inequality in America and how the system has become rigged in favor of those at the top — and demand your political representatives take action to unrig it.

 

Wealth inequality is worse than it has been in a century. The top 1 percent holds 15 times more wealth than the bottom 50 percent combined. It’s destabilizing both our economy and our democracy.

 

We must stop this vicious cycle — and demand an economy that works for the many, not one that concentrates more and more wealth in the hands of a privileged few.

 

Thanks for watching,

Robert Reich
Inequality Media

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