The accelerating gap in both income and wealth inequality has attracted discussion along the 2020 presidential campaign trail as well as in the popular press. The top 1 percent of income earners owns 22 percent of national income.1 The richest 5 percent of wealth holders owns two-thirds of America’s wealth.2 Senator Elizabeth Warren (D-Mass.) has proposed a tax of 2 percent on wealth over $50 million and 3 percent on assets over $100 million.3 Representative
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