Inequality Rising and Permanent Over Past Two Decades
Justin King stashed this in Economy
Disadvantaged Becoming Worse Off Long-term.
So it's a result of the massive entitlement state?
I don't know, I wonder if the entitlement state is keeping the poor down. It's probably a factor amongst other factors like disadvantage.
It's a result of Winner Take All.
The post-Reagan tax system is designed to help winners keep winning.
The fact that capital gains (and other asset classes like it) are taxed differently from income (money people make for doing work) was a necessary part of the conditions for Winner Take All.