How the age of billionaires ends

Every month or so there’s a stunning new headline statistic about just how stark our economic divide has become.

Understanding that this divide exists is a good start. Appreciating that a deeply unfair and unequal economy is problematic is even better. Actually doing something about it - that’s the best.

As 2020 presidential hopefuls try to prove their progressive bona fides, serious policies to tackle economic inequality are at the forefront. These ideas don’t stand much of a shot of becoming law in the Trump era, of course. But if the balance of power shifts, so too does the potential for these paradigmshifting new programs.

Let’s take a closer look at the problems they’ll have to address.

A new billionaire is minted every two days, according to a recent Oxfam study. As a result, the top 0.1 percent owns a greater share of the nation’s wealth than the bottom 90 percent combined.

 

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