Princeton Professor Details Wealth Distribution in America via Tax Data

A Princeton professor is collaborating on a book that details the state of American wealth. The research, discussed on the Bloomberg Odd Lots podcast, suggests that there are 1,000 private business owners with $25 million in wealth for every large public company CEO. This ratio was derived from anonymous tax return data.

The findings suggest that the targets of wealth-tax policy and executive pay reform are currently focused on only about one-in-a-thousand of the $25 million wealth tier. The research highlights the population of wealthy Americans that conventional coverage has largely ignored.