Income & Wealth in America

Check out the accompanying pdf and chart collection. (1) A forthcoming exposé of corporate profits. (2) In summary: Profits beat the alternatives. (3) Profits drive widespread prosperity, which always entails some inequality. (4) Income mobility offsets income inequality. (5) America has evolved into a nation of proprietors. (6) Pass-through business owners personally account for at least 25% of employment! (7) Number of taxpayers in lowest income bracket has been declining. (8) Tax return data show upward income mobility. (9) Wealth inequality increases during periods of prosperity too. (10) The wealthy tend to be heavily invested in equities, which appreciate most during good times. (11) Real estate and pension entitlements more equitably distributed. (12) Adding Social Security as a retirement asset reduces wealth inequality significantly.