The Globalist: Economic shame haunts hard-working Americans. They ask themselves why they can’t do as well as their parents.

The second root cause is tax holidays for unearned income — i.e., income on wealth that was earned some other time, some other place, and usually by somebody else.

The Institute on Taxation and Economic Policy estimated the middle 20% of Americans paid 25.4% of their income — almost all of it earned income — in taxes of all kinds in 2018. Read more

---