Abigail vs Scrooge McDuck

(1) Abigail’s complaint. (2) How much is too much? (3) The ultra-rich are different than the rest of us. (4) In 2016, the “1%” included 1.3 million taxpayers earning $500,000 or more. (5) Either round them all up, or make them pay more taxes. (6) Stiglitz’s complaint. (7) Have incomes stagnated for 90% of Americans since 1989? (8) A very flawed measure of income. (9) Using PCED rather than CPI eliminates a great deal of stagnation. (10) Households with singles have fewer mouths to feed than those with married couples and their children. (11) Lots of measures of income and consumption confirm that the standard of living is at a record high for many, if not most, Americans.