According to the Federal Reserve Bank of St. Louis, 30.8% of America’s wealth is currently concentrated amongst the top 1%, and 97.5% is concentrated amongst the top half. By any measure, that is a vastly skewed distribution.
To curb the gap between the rich and the poor, economists, industry experts and vocal critics of wealth inequality have called for government interventions that may consist of taxes on the wealthiest high-net-worth individuals or tax breaks for the middle class.
