Inequality of Wealth and Income

After years of neglect, political America has awoken to the problems of rising deficits being incurred at all levels of government. This essay examines income, wealth, and taxes, not just rates but where those rates have affected income growth. By every measure, U.S. wealth and income has skewed heavily and continues to tilt to the top 1%, approaching an unhealthy situation. A robust middle class will spend more of its earnings than the wealthy and in this country consumer spending constitutes the largest economic component.