Democracy and Inequality

Robert Reich: “The bottom half of American holds
2.5% of all wealth. The top 1% holds 30%.”

The increase in wealth income inequality during the last half century is closely linked with the increased peril to American democracy.

But shouldn’t people be rewarded for being smarter and working harder? Sure, to a degree, but that would still be the case if the bottom half held 5% and the top 1% held 15%, and our country would be a lot healthier.