Michael Hurst
1 min readSep 4, 2020

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A typical treatise by someone defending the grotesque level of income and wealth inequality in the US. The top three richest Americans own more of the total national wealth than half of Americans combined. The top 1% took home about 8% of national income in the 60s; that figure is about 25% today. This is not ressentiment. This is an appropriate reaction to the obscene distortion of the distribution of national wealth and income.

This level of inequality has a negative effect on multiple areas of our economy and society, providing undue and unfair political power to those who can sequester the most wealth. That political power, bought by wealth, is then used to further increase the wealth, and power, of the wealthy. We are in a downward spiral of wealth an power concentration into fewer and fewer hands. It is becoming the same kind of medieval distribution of wealth we revolted against in 1776.

This apology for the greed and corruption that has allowed our society to become so unequal in the extreme does not wash. And demands for this to change are not ressentiment. They are simply calls for fairness and equity, something this author can't seem to hear.

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Michael Hurst
Michael Hurst

Written by Michael Hurst

Economist and public policy analyst, cyclist and paddler, and incorrigible old coot.

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