Wealth concentration damages economies.
But Americans seem little inclined to resist wealth concentration.
"We believe that these statistics actually underestimate our current national levels of wealth concentration.
"Strong, stable and sustained growth demands active public policy to spread the gains of wealth creation and limit wealth concentration.
At one session 64% of the audience said wealth concentration was "corroding democracy".
Farm subsidies are at least consistent with modern Republican ideas on wealth concentration.
Mr Piketty asserts rather than explains why tempering wealth concentration should be the priority (as opposed to, say, boosting growth).
Although Israel's economy is strong, the data on wealth concentration, published by the Bank of Israel, are unsettling.
Even Andrew Carnegie testified in Congress in favor of an estate tax as the best way to address wealth concentration.
At the very top of the distribution, the two authors conclude, the United States is "back to early 20th century wealth concentration levels".
Mr. Phillips, a lifelong Republican, is most concerned not by economics per se but by the political consequences of wealth concentration.
