While 55% of Americans report their financial situation is worsening, the wealthiest 1% are seeing record gains. The article critiques the notion that billionaires deserve their wealth, especially in contrast to the struggles of the majority.

<p>While 55% of Americans say their financial situation is deteriorating, the wealth of the top 1% is reaching record highs. Against this backdrop, defending billionaires from “oppressive” taxation is politically convenient nonsense.</p>