About this episode
Income inequality in the U.S. is surging, reminiscent of the Gilded Age, according to Inequality.org, a project of the Institute for Policy Studies. According to the Congressional Budget Office, between 1979 and 2021 the average income of the top 0.1 percent of households grew almost 27 times as fast as that of the bottom 20 percent. Which brings us to a question being asked across the country today: Should the very rich be subject to a special tax? USA TODAY Personal Finance Reporter Daniel de Visé joins The Excerpt to discuss the possibility of a wealth tax.
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