Yes, income disparity has gotten a lot worse since 1980. We're now back to about the levels of disparity that we saw a century ago during the gilded age. Just like then, I expect to see a long term backlash. (At the height of the backlash in the 1950s the top personal income tax rate ranged from 92% to 93%. On income over $1 million/year. That was a lot more then than it would be now.)
Currently the US government takes in about 15% of GDP in taxes. That's the lowest that it has been in a century. I would expect to see that change as well at some point in the future.
Currently the US government takes in about 15% of GDP in taxes. That's the lowest that it has been in a century. I would expect to see that change as well at some point in the future.