The Wealth Gap is the Problem
In 1995 the top 10% of the country had 67.8% of the country’s wealth while the bottom 50% shared only 3.6% ($1,912 billion). The bottom share eroded to 2.5% and tumbled to 1.1% in 2010 ($584 billion) – (a 70% loss of $1,333 billion) while the top 10% gained $3,558 billion (six times the amount owned by the bottom half of the country). A wealth distribution of this extreme has not been seen in the U.S. since the Great Depression of 1929 (when unemployment was also as bad).
Congress needs to replace payroll taxes with a 2% net wealth tax. Read more at www.TaxNetWealth.com