December 20, 2019 — It was quite a surprise, three years ago, when Donald Trump won a majority in the US Electoral College, thus becoming the 45th president. In the search for explanations, one immediately dominated: Democrats had not been sufficiently aware of the problem of income inequality or had neglected to propose good solutions to it.
This is presumably the logic behind radical proposals coming from some of the leading contenders for the Democratic nomination in the 2020 presidential election. Senator Elizabeth Warren, for example, has proposed an annual tax on the wealth of the wealthiest Americans (originally to be 2 % per year, but now up to 6 %).