Once again, imagine all American households are equally divided into five boxes. The bottom box holds the 20% of households with the lowest annual income and the top box holds the 20% who make the most. The middle three boxes are the in-between...
What do our nation’s people think about wealth disparity? When 5,500 Americans were surveyed about their ideal distribution of wealth, they were invited to slice the pie any way they liked. The average proposal was to have the top quintile owning...
More important, corporate profits as a share of the overall GDP have doubled, from roughly 5% in the 1980s to 10% in the 2010s, an all-time high. Corporate profits, then, must have taken a 5% chunk of the pie from someone else. Who do you think...
In my assessment of America’s ailments, I am struck by remarkable similarities to a chronically ill patient: a bewildering array of symptoms, the insidious advance of physical signs, a gradual ebbing of strength, and the evolving stages of...
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