Powerful, under-used tool for reducing income-inequality: broad-based ownership
When income inequality in the United States is reportedly the highest it has ever been, it’s little wonder that the average American’s confidence in the economy is low and dropping. Gallup recently reported that the Economic Confidence Index in mid-July had plunged nearly 20 percent from 18 months earlier. The American Dream is seen as beyond reach by most Americans. If the baby boomer generation grew up in a world where many middle class families were headed by small business owners, today that path to prosperity has been largely foreclosed.