The K-Bomb: An Inequality Emergency

Is it fair that the median person in the West owns wealth of $60,000 while the average wealth of the super-rich is over $77 million? Is it fair that the wealthiest pay an effective tax rate of around 21% on their capital gains income while a senior nurse pays more than that on their salary? Is it fair that a UK renter on an average income pays more than one third of everything they earn just to live in someone else's flat? Is it fair that 300 US billionaires gave a combined $3 billion to elect the people who set the tax rates they pay? Is it fair that we lose a trillion dollars every year to tax loopholes of the super-rich? Is it fair that an 18-year-old today faces a minimum of 30 years before any plausible policy intervention could return us to the equality we enjoyed just 50 years ago? If you think it¿s fair, then you won¿t like this book. The K-Bomb does not just describe the massive inequality gap between the super-rich and the rest of us. >THE PAST: Have we been here before? How was it corrected? THE PRESENT: What are the signs of instability we are seeing today? How are they directly caused by inequality? THE FUTURE: What is going to happen if we don¿t correct it now? How can we defuse the K-Bomb? The K-Bomb is real. It¿s urgent. It¿s ticking.

Pages: 156, Paperback, Independently published