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While exponential growth of the federal debt is a serious problem, there’s another exponential growth that’s more consequential: wealth inequality. It didn’t happen overnight, but in the U.S., the top 20 percent, economically, now own 93 percent of America’s wealth, leaving only 7 percent for the bottom 80 percent!
The 20 percent largely comprises industry magnates (e.g., polluters, like the Koch brothers), top corporate executives (think six- and seven-digit pay and bonuses), and Wall Street high rollers (who make fortunes without producing a single product or service).
Collectively, the 20 p...
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