Government policies over the last two years have resulted in wealth being transferred from the poor and middle class to the ultra-wealthy.
Posted by Mary Peltola, Checked
- Sources
- 6 context
- Said
- 1 time·
- Confidence
- 35%
Mary Peltola@MaryPeltolaOct 11, 2026The sources show rising wealth concentration at the top, including a Forbes report of a record 31.7% share held by the richest 1% in Q3 2025, but none links this to government policies or documents wealth moving away from the poor and middle class.
What was said
… We're the richest country in the world and we're pretending we don't have the resources. I think it's a misalignment of where our resources are being put. And right now I just have this strong feeling that it's reverse Robin Hood. Where we have been, especially these last two years, we've been taking from the poor, taking from the middle class to give to the ultra wealthy. We have to stop that trend. We have to be in it for regular working people.
What we found
Context. A Forbes report states the top 1% wealth share reached a new record of 31.7% in Q3 2025, which is consistent with rising concentration at the top.[6]
Context. CBO data show total family wealth rose 17% in inflation-adjusted terms from 2019 to 2022, but the source does not break out gains by wealth group or attribute them to policy.[2]
Context. Federal Reserve data show median income rose 11% since the 2019 survey while mean income rose 8%, which does not clearly indicate a squeeze on the middle class and does not address policy causation.[3]
Context. No provided source addresses whether government policies over the last two years caused any transfer of wealth from the poor or middle class to the ultra-wealthy, so the causal and distributional elements remain ungraded.[1][2][3][4][5][6]
Sources
6 sources: 1 fact-checker, 4 primary, 1 tier 2
- 1Trump's Numbers, April 2026 Updatefactcheck.org · fact-checker · cited for: context
- 2Trends in the Distribution of Family Wealth, 1989 to 2022cbo.gov · primary source · cited for: context
- 3Changes in U.S. Family Finances from 2022 to 2025federalreserve.gov · primary source · cited for: context
- 4The U.S. Income Distribution: Trends and Issuescongress.gov · primary source · cited for: context
- 5Wealth Disparities before and after the Great Recession - PMCpmc.ncbi.nlm.nih.gov · primary source · cited for: context
- 6Wealth Of The 1% Reaches Decade High In The U.S.forbes.com · tier 2 · cited for: context
Where this claim was made
Said in 1 published post