Wealth inequality has reached concerning levels

Wealth inequality in the United States has reached levels that should concern every American, regardless of political affiliation. While millions of working families struggle to afford housing, healthcare, childcare, and higher education, a small percentage of the population continues to accumulate enormous wealth at a historic pace.  

Historically, federal income tax rates for top earners were much higher, sitting at 70% in 1965. Today, the top federal individual rate is 37%, and the top corporate is 21%, a significant difference from 52% in the 1960s. These massive tax cuts for the rich and corporations occurred under the Reagan, Bush and Trump administrations.

Extreme inequality weakens our democracy and undermines social trust. A healthy economy depends on a strong middle class, fair wages, affordable education and equal opportunity. America succeeds when prosperity is shared more broadly.  

It is time to address wealth inequality before the divide grows even larger. Please reach out to your elected officials and demand that they increase taxation of the rich and corporations so it will be more equitable for all Americans and pay down our massive federal debt.

JON MILLER

Sandpoint