by Kevin Brady
American Thinker
Bernie Sanders and AOC just completed their tour of America to sell-out crowds. Their message was a familiar one: oligarchs (mainly Republicans) are becoming more and more wealthy at the expense of everyone else. Is this true?
In reality, this is not a true or false proposition. The answer is much more intriguing and way too subversive of their politics for Bernie and AOC to even contemplate.
I spent much of my working life in the field of taxation. I have heard all the jokes about death and taxes, green eyeshades, and accountants walking into bars. So, bear with me as we take a closer look at the government’s efforts to narrow the wealth gap.
The data are pretty clear. In 1990, the top 21 percent owned 61 percent of the country’s wealth. By 2023, they owned 70 percent. So, yes, the rich are getting richer.