An extreme exaggeration that ignores the extraordinary wealth holdings of the US middle class, which is wealthier than their peers in Germany or Sweden. That is despite heavy middle class demographic change from Latin America immigration the past ~45 years, they're still wealthier than those elite nations.

The 50% to 90% bracket in the US for example holds $31-$35 trillion in household wealth. The 90% to 99% bracket holds another $39-$44 trillion. So 50-99% holds $80+ trillion.

The Forbes 400 is worth $3 trillion.

> The 50% to 90% bracket

what percentage of the u.s population fits into that bracket?

90%-50%=40%

Yes it has, that doesn't make it bad though. It has also been fantastic for 90% of the world's population.

That's a political choice we've made in the US, not an inevitable consequence of globalization.