Bret Stephens, a columnist at the New York Times, recently wrote that “a couple with a combined income of $400,000 a year doesn’t necessarily have a lifestyle we’d describe as “rich”: “They’re scrimping to send their kids to college, driving a Camry, if they have a car at all, and wondering why eggs have gotten so expensive.” Ross Douthat, offers one answer: “These people are rich by any measure, and they are spending their money on things only rich people can afford, such as living in the best school districts and in or near amenity-rich megacities….many worry that their offspring… Read More
Wealth inequality continues to widen across the world. The ultra-rich control foreign and domestic policies, tax laws and enforcement, and install favorable government. This inequality, often resulting in exacerbated poverty, is harmful to participatory society. Oxfam is an esteemed, reputable global charity that has released a report on this inequality. See this link for the Executive Summary. Then advocate for increased taxation on the wealthy.