“In 1985, the top five percent of the households - the wealthiest five percent - had net worth of $8 trillion - which is a lot. Today, after serial bubble after serial bubble, the top five per cent have net worth of $40 trillion. The top five percent have gained more wealth than the whole human race had created prior to 1980.”
Quote by David Stockman
Author
David Stockman
David Stockman, born on November 10, 1946, is a former Director of the Office of Management and Budget in the United States. He has extensive experience in politics and economics and was a key member of President Ronald Reagan's administration in the early 1980s, where he played a significant role in shaping the nation's fiscal policy. more
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