About a year ago, when I began thinking aloud in this blog about income inequality as a national security issue, I worried if that argument was a stretch. So I was pleased to see George Packer sprinkle holy water on it in the new issue of Foreign Affairs:
This inequality is the ill that underlies all the others. Like an odorless gas, it pervades every corner of the United States and saps the strength of the country's democracy. But it seems impossible to find the source and shut it off. For years, certain politicians and pundits denied that it even existed. But the evidence became overwhelming. Between 1979 and 2006, middle-class Americans saw their annual incomes after taxes increase by 21 percent (adjusted for inflation). The poorest Americans saw their incomes rise by only 11 percent. The top one percent, meanwhile, saw their incomes increase by 256 percent. This almost tripled their share of the national income, up to 23 percent, the highest level since 1928.