Wealth and Generations

Today, the top 1 percent earn a higher share of our national income than any year since 1928.” That’s Tea Party champion Senator Ted Cruz talking. Other GOP presidential contenders, from Jeb Bush to Rand Paul, now trot out similar formulations. Yet even as Americans across the political spectrum find themselves agreeing that growing “inequality” is a big problem, most politicians, as well as most political journalists and the experts they quote, are not talking about the kind of inequality that most matters to most people.  

Read the full article, originally published in the Washington Monthly, here.  


Phillip Longman was policy director and managing editor of New America’s Open Markets program.