Nobel economist Joseph Stiglitz SAYS “the vast majority of Americans… have been sold a bill of goods — trickle-down economics has never worked and is especially not working today.”
Inequality is now far higher than just 30 years ago. The top 1 percent today gets around 20 percent of the nation’s income — twice what it did two decades ago. The top 0.1 percent’s share has almost tripled. Disparities in wealth are even greater.
Some on the right argue that this is the politics of envy. They say what matters is not the share of the pie — but the size ...