How to close the wealth gap from the bottom up
10/4/21
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from The Washington Post,
7/28/21:
More taxation of capital gains and estates could help shrink the United States’ wealth gap from the top down. The gap must also be closed from the bottom up, by bolstering access to the three key ingredients of middle-class wealth: owner-occupied homes, which represented the majority of household wealth for most people in 2019; financial assets, such as stocks, whose value, measured by the Dow Jones industrial average, has increased sevenfold since 1989; and human capital, in the form of training and education, which is highly correlated with household wealth.
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