A Dragon Tax

OP / ED

The state of our nation is one of extraordinary innovation — and extraordinary inequality. While working families in Central Texas and across the country struggle to afford housing, healthcare and education, America’s wealthiest citizens continue to accumulate more than any society in modern history. The richest 1% now own more wealth than the entire middle class combined.

Income inequality is serious — but wealth inequality is far worse. Think of income as your checking account: it’s what you live off of week to week. Wealth, on the other hand, is your savings account, plus your home equity, stocks and other assets. It’s what determines not just how well you’re doing today, but how secure your future will be.