If today’s income inequality was scaled back to income inequality from 1973, Nixon’s era, the 1% would be making about $750,000-$850,000 less per year, and everyone else would be making 10%-20% more. The real impact of income accumulation is not trivial. A 10%-20% raise would lift many out of poverty, many out of debt, and keep many in their homes.
“How Much More (Or Less) Would You Make If We Rolled Back Inequality?” – NPR
Pretending Not To Panic 