Vail Daily column: Income inequality


To date, I have listened to all forms of social commentary on this topic, controversial and politically sensitive as it is, and decided to address it as a historical perspective from three angles.

1. Definition, causes and statistics.

2. Rising costs.3. Obama: Does he have a solution?1. Warren Buffett says humbly: “There’s class warfare all right, but it’s my class, the rich, and we’re winning.”The top 1 percent of earners, in 1973, collected 7.7 percent of all U.S. income; by 2013, that percentage had grown to 19.3 percent. Even more astounding, the top 10 percent of earners collected almost half the […]