Another Take on Inequality From Nick Hanauer and the Restoration Roundtable

I would add that the source of the payment for the consumption is a major factor.

If it comes from a growing median wage that permits consumption and savings by the broader public, then the virtuous cycle is engaged.

However, if the consumption comes from borrowing and credit expansion with the benefits flowing overseas or to the wealthy, there is no virtuous cycle, or the amelioration of