EMBARRASSMENT OF RICHES.

Some facts regarding wealth and poverty in the United States:

The nation's three wealthiest individuals have more money than the 160 million people who make up the bottom 50 percent of the population combined.

Bill Gates, Jeff Bezos, and Warren Buffett are collectively worth a total of more than $250 billion.

The top 1 percent of the population has more wealth than the bottom 90 percent.

In 2018, for the first time in U.S. history, billionaires paid a lower tax rate than the bottom 50 percent.

The nation's 400 richest families paid an average effective tax rate of 23 percent ...

... compared to 24.2 percent for families in the bottom half.

The median black family owns $3,600 in household wealth--about one-fortieth as much as the median white family. The median Latinx family has assets worth $6,600-4.5 percent of the white median of $147,000.

A poll from January 2019 found that most Americans support a top marginal tax rate of 70 percent, the same rate that was in place from the 1950s through 1980.

Forty percent of Americans say they would not be able to handle an unexpected expense of $400 or more.

More than half of all low-income children in the United...