Time for the Third Way

Everyone knows the grim reality. According to the Congressional Budget Office, America’s top 1 percent owns 30.5 percent of the country’s wealth, and the bottom 50 percent owns 3.5 percent. In other words, the top 1 percent owns around 10 times the wealth of the bottom half. And it doesn’t get much better after that. The top 20 percent owns 86 percent of the wealth; or conversely…

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