EDWARD D. KLEINBARD

Our parents’ incomes play a larger role in our personal economic fortunes than is true for other peer countries.

The United States has the highest poverty rate [and] the greatest … wealth inequality of any major developed economy in the world…. No other developed country is as addicted to poverty and inequality as we are, and yet somehow they prosper.

The nature of life is that we do not control it.

The nature of life is that we do not control it.

The United States has the highest poverty rate [and] the greatest … wealth inequality of any major developed economy in the world…. No other developed country is as addicted to poverty and inequality as we are, and yet somehow they prosper.

Our parents’ incomes play a larger role in our personal economic fortunes than is true for other peer countries.