According to G. William Domhoff, Professor in the Sociology Department at the University of California at Santa Cruz, in 1983 the bottom 80% of the population controlled 18.7% of the wealth in America.
Today, this same group controls just 11.1%.
According to G. William Domhoff, Professor of Sociology at UC Santa Cruz, "In terms of types of financial wealth, the top one percent of households have 35% of all privately held stock, 64.4% of financial securities, and 62.4% of business equity.
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