“We’re increasingly becoming a country with a tiny number of extraordinarily wealthy people, a large underclass, and no middle class. Societies that are structured like this do not end well for anyone, including the rich people.”
That’s Erica Payne, founder of Patriotic Millionaires, a group that advocates for greater wealth equality through restructuring the American tax system. She and Morris Pearl, former Wall Street executive and now the chair of Patriotic Millionaires, co-authored a book, Tax the Rich!: How Lies, Loopholes, and Lobbyists Make the Rich Even Richer, published by The New Press earlier this year.