Note on Scope: This framework describes current mechanisms of systematic division in U.S. political and information systems. It is analytical, not prescriptive. It identifies observable patterns, not proposed solutions.
Income Taxes Measure Income, Not Wealth
Recent reporting showed a large increase in individual income tax receipts. That figure reflects changes in taxable, realized income. It does not measure changes in wealth, asset accumulation, or who captured the largest economic gains. For most households, income and economic gain closely overlap. Wages and salaries make up the majority of earnings, and nearly … Read more