The Latest on Inequality

Presumably the crash has changed this, but the top 0.01 percent’s share of American income reached a record high in 2007:


This trend has a variety of underlying causes, some of which are worth changing and others of which (better global communications leading to a bigger superstar effect) are basically good. Be that as it may, using the tax code to take some of this wealth and transform it into more and better public services for the broad mass of people would do a lot of good.