Top 0.00001% Americans Capture Record 12% of National Income, Up from 3% After 2008 Crisis

According to The Kobeissi Letter, citing data from economists Emmanuel Saez and Gabriel Zucman, the top 0.00001% of Americans currently command 12% of total national income—more than four times higher than the post-2008 financial crisis level. Historical data shows this share remained below 1% from the 1950s through the 1990s, underscoring how far current wealth concentration exceeds long-term averages.
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