Source: American Institute for Economic Research
by Jason Sorens
“Over the past couple of decades, calls to do something about economic inequality have grown louder. The narrative holds that income and wealth inequality are skyrocketing, and the government must use higher tax rates on the wealthy to bring them down. In particular, the Biden-Harris proposal to tax unrealized capital gains seems motivated in part by the desire to reduce the wealth of the wealthy. … wealth inequality does seem to be growing. But let’s also note that wealth is growing for the bottom 50 percent too, not just the top.” (09/25/24)
https://www.aier.org/article/wealth-inequality-is-a-result-of-prosperity/