Citing New Billionaires List, Sanders Says Congress Must Act on ‘Obscene’ Wealth Gap
BURLINGTON, Vt., Oct. 4 – U.S. Sen. Bernie Sanders (I-Vt.) said today that the “incredible and obscene” level of income and wealth inequality in America has become a danger to our economic and political systems – and must be addressed.
According to a new Forbes magazine tally, the 400 wealthiest Americans are now worth $2.29 trillion. Their combined wealth grew last year by $270 billion – a 13 percent increase. These billionaires now own more wealth than the bottom half of America – more than 150 million people.
While the very rich become richer, most Americans have become poorer. Median family income has declined by almost $5,000 since 1999 and more than half of the American people have less than $10,000 in savings.



