U.S. wealth inequality is the highest it has been in nearly four decades, according to federal data, as the economy under the Trump administration appears to increasingly favor the rich.
As of late 2025, the top 1 percent of households held 31.7 percent of wealth, the highest share on record since the Federal Reserve began tracking the figure in 1989.
Setting aside the parts that are six Charles Dickens books in a blender, I thought it was a very sober and rational consideration of historical economic trends. Nice to see someone come in on the left side of the political spectrum and apply a bit of rigorous math to the problem of economic planning. That part felt very hopeful.
The response to the book was incredibly bleak, as it mostly amounted to corporate shills screaming “Fakes News!” and posting Laffer Curves, then flexing under a big libertarian-branded victory banner.