Everybody senses that the wealthy are too strong and too greedy and that millions of Americans are being left behind so that those at the top can get even further ahead.
But as national problems go, it’s being discussed symptomatically. Like a bad hip that might be ready for hip replacement surgery. Bernie Sanders and Elizabeth Warren, the two critics with the most to say about the damaging behaviors of modern day capitalism, haven’t done much to lift the national discussion.
I can sympathize. I discovered the Emmanuel Saez database perhaps ten years ago. It seemed to tell a story of fluctuating fortunes for the Top 1%. In its various updates, the theme of significant wealth for the Top One Percent had its ...read more