In Trump’s tax bill, 60% of cuts go to the top 20% (income: $217K+). More than a third to top 5% ($460K+) Households earning less than $51K will see income drop next year. Top 0.1% will get an average boost of $390K. Time for one of my favorite episodes: my January 2010 conversation with Richard Wilkinson & Kate Pickett about their groundbreaking book, The Spirit Level. Based on 30 years of research, it makes clear that the more unequal a society is, the worse it is - in all sorts of dimension - for everybody – rich and poor alike. Worth a listen.
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