A dangerous trend is growing in the United States. In it, individuals are accumulating massive amounts of wealth having done nothing to earn it beyond being born. That’s a practice that will prove to have disastrous consequences for the United States.

We talk a lot about income inequality, but what’s really dangerous is wealth inequality. Wealth inequality is often a reward for simply having been born to someone who achieved great income in their lives. And it doesn’t go away with time, people that inherit their wealth only tend to become wealthier.

This gives them an unparalleled power in the economy and, thanks to decisions like Citizens United, the loudest voices in politics.

Here are some facts that help back that premise up:

1) In the past 50 years, the top one percent have increased their wealth to own nearly 40 percent of all wealth in the United States; it’s a number that is only continuing to rise.

2) The bottom 90 percent own less than 30 percent of the wealth in the United States.

3) In addition, the top income tax rate is decreasing. It is now at 39.6 percent. In 1960, it […]