The Growing Wealth Gap: A Problem for the United States

A startling statistic was highlighted in a recent article by Daniel de Visé for USA TODAY: the top 1% of American earners now control more wealth than the nation’s entire middle class. This statement, backed by Federal Reserve statistics, puts into perspective the staggering level of wealth inequality in the United States. This blog post dissects why this trend is problematic and argues why the U.S. needs a new tax system, as Dr. Mitch advocates in his new book, “A Taxing Problem: A Psychologist’s Prescription to a Just Tax System.”

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