Did Bernie Sanders Exaggerate Income Inequality Claims?
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Vermont Sen. Bernie Sanders claims that “in America we now have more income and wealth inequality than any other major country on earth.”
But FactCheck.org calls BS on this pointing out that Sanders excludes nations such as Russia, Turkey and Brazil from his definition of “major.”
According to the World Bank, at least 41 counties have greater income inequality than the U.S. And those include Israel, Brazil, Mexico, Chile and Argentina.
And according to the most recent Global Wealth Databook, the U.S. ranks 16th out of 46 economies studied in the share of wealth held by the richest 1 percent. Russia, Turkey, Egypt and Brazil are among those whose top 1 percent hold more of their nations’ wealth….
FactCheck.org
Read more about: America, Argentina, Bernie Sanders, Brazil, Chile, Distribution of wealth, Economic inequality, Economics, Income distribution, Inheritance, Israel, Mexico, Russia, Socioeconomics, Turkey, Vermont, Wealth, Welfare economics, World Bank