In recent days, the public learned that Jeff Bezos’ net worth has soared to more than $170 billion. Bill Gates trails Bezos at “only” $114 billion. The Walton family is in the same range ($150 billion among three of them). This vast accumulation of wealth by a very tiny number of people distorts the entire economy, especially since it contrasts with millions of people who are unemployed, homeless, and living in deep poverty. Is this the America we love? Is this the America that we want?

G.F. Brandenburg has reposted an essay here about the “looting of America” by the super-rich.

To change this imbalance which eats away at the soul of our society, we need the courage to write a new tax code. I don’t know how to write a tax code but I know what inequity looks like. It looks like what we have today.

Time to recommend an important book: The Spirit Level: Why Greater Equality Makes Societies Stronger.