The Deadly Consequence of Growing Income Inequality

Increasing income inequality is costing most Americans thousands of dollars every year in their paychecks and has made the coronavirus more deadly and its economic consequences more severe than in any other advanced nation in the world.That is the conclusion of Nick Hanauer and David M. Rolf who reported in TIME about new analysis from the RAND Corporation, which estimates that "upward redistribution" of income benefiting the top 1 percent of Americans has cost the bottom 90 percent some $50 trillion over the past four decades.We’ll take a look at all of this in tonight’s podcast from Not Fake News. Take a listen.

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