A Wealth Tax

Do we need one?  Consider these:

• The 500 wealthiest individuals in the United States added an estimated $1.3 trillion (that's $1,300,000,000.00) to their aggregate wealth.
• That works out to $2,600,000.00 ($2.6 million) per person.
• Which becomes particularly disquieting when one considers that, over the past 50 years, wages have essentially flat lined.
• More disquiet - the gap between the wealthy and the rest of us - that is, the measurement of income inequality - has not improved over that same period.

Given the reaction of the stock market today to Mr. Trump's chest-beating approach to Iran policy,  one cannot realistically expect any of the above conditions to improve in the immediate future..