WHAT IS THE SINGLE MOST EFFECTIVE ACTION THE PRESIDENT COULD TAKE TO ADDRESS RISING INEQUALITY?
Effective action requires a change in public attitudes about the economy. He should revise the way GDP figures are presented to give a more truthful picture. Instead of taking satisfaction that the economy is doing well by growing 3%, we should see:
.......................Income Growth.....% of Total Income
Top 1%........................+15.7%.......................12%
Next 9%.........................+ 8.2%...................... 23%
Middle 40%.....................-0.3%.......................40%
Bottom 50%.....................-0.5%.......................25%
......................................________.............________
National Income (GNP)....+3.0%.....................100%