'The Real Solution to Wealth Inequality'

Mike Konczal and Bryce Covert, writing for The Nation:

Bringing wealth under democratic accountability—rather than making everyone a tiny capitalist—has to be an essential part of any equality agenda. America's biggest declines in poverty often follow from this approach (expanding Social Security and Medicare, for example). Otherwise, we'll be left with a dystopic Lake Wobegon, where almost all of the men, women and children are below average, even as they hope to join the 1 percent. Yep. Well said.