The wealth and income gap has continued to increase since the founding of our nation. Another foundation that has prevailed since the early years of our country is the “communist” idea of ​​anti-wealth equality. In fact, many Founding Fathers shared the communist view that no one retains the right to private property after death. In the economic structure of communism, there is no private property and the government controls all resources and wealth. With the incomes of the extremely wealthy increasing and the incomes of the majority of the population decreasing, something must be done to address the economic imbalance. Specifically, in the United States, the wealth tax must be imposed on unearned income at a rate of 90 percent in order to protect the private property of individuals and equalize the distribution of wealth among citizens. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get the original essayThe philosophy of economic equality was a goal set for our country by our founding fathers due to the economic imbalance that England had previously experienced with their government structure consisting of a very rich monarch and a very poor peasantry. The takeover of capitalism in the 20th century, however, provided a different outcome for our country's economic progress. As corporations and conglomerates monopolized markets and dominated capitalist society, income began to be distributed extremely unevenly between the standard wage earner and those on the frontier of this economic change. This income inflation was not uniformly taxed, allowing for accumulation of wealth by a small percentage of the population. When inflation levels were at an all-time high after the stock market crash of the 1920s, economic and tax reforms were essential to stabilize the economy. With the establishment of federally regulated social tax programs, a slow economic comeback began to occur. A similar economic boom occurred after World War II using the same structuring technique. The annual incomes of upper and lower class citizens increased at the same rate. With stable income rates, the income gap remains unchanged and income equality is thus achieved. Equality of income rates is essential to protecting private property because it ensures that income taxes can remain stable for any person, regardless of their economic status. As useful as income taxes are, wealth taxes must also be instituted at a rate of 90 percent in order to create a welfare state capable of collectively supporting and protecting everyone's private property. Some might argue that taxing this unearned income heavily may be unfair to the recipient of that wealth, but if we remember that private property and rights to it cannot survive beyond death, and since wealth taxes are applied to all unearned income, there is no wealth tax. property rights are violated. To further justify a wealth tax on unearned income, the ability of the wealthy to evade income taxes is extremely high. Many wealthy CEOs or business owners avoid income taxes by having no “personal” income associated with their wealth accumulation. A wealth tax on unearned income would balance the inequality between income rates and income taxes. Being..