The issue of the burgeoning gap in wealth inequality and the ‘1 percent’ will undeniably continue to grow unless we act boldly together in order to reduce private concentrations of wealth. They can get wealthier and wealthier just by sitting there doing absolutely nothing. In fact, it would be better if they just sit there and do nothing, because when they do something, it is often reckless speculation that just destabilizes the economy. We could resolve the situation by truly taxing our wealthiest households and raise significant revenues and invest these funds to expand wealth-building opportunities across the economy.
