The income and wealth gap has been steadily increasing since our nation's founding. Another foundation that prevailed in the nascent years of our country was the “communist” idea of ​​equality, anti-wealth. Indeed, many of the founding fathers agreed with 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 increase in the income of the richest and the decrease in the income of the majority of the population, something must be done to correct the economic imbalance. Specifically, in the United States, wealth taxes must be imposed on unearned income at a rate of 90% to protect people's private property and to equalize the distribution of wealth among citizens. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original EssayThe philosophy of economic equality had been a goal set for our country by our founding fathers due to the economic imbalance previously experienced in England with their government structure consisting of a very rich monarch and very poor peasants. However, capitalism's takeover in the 20th century brought about a different outcome for our country's economic progress. With multinational corporations and conglomerates monopolizing markets and dominating capitalist society, income began to be distributed extremely unequally between standard-wage workers and those at the frontier of this economic change. This income inflation was not taxed evenly, which allowed for an accumulation of wealth by a small percentage of the population. When inflation levels were at historic highs following the market crash of the 1920s, economic and fiscal reforms were desperately needed to stabilize the economy. With welfare tax programs regulated by the federal government, a slow economic return began to occur. A similar economic boom took place 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 thus income equality is achieved. Equality of income rates is essential to the protection of private property because it ensures that income taxes can remain stable for everyone of all economic status. As useful as income taxes are, it is also necessary to institute wealth taxes at a rate of 90% to create a welfare state that can collectively support and protect everyone's private property. Some might argue that heavily taxing this unearned income might be unfair to those who receive such wealth, but if you remember that private property and rights to it cannot last beyond death, and since wealth taxes are levied on any unearned income, there are no property rights are violated. To further justify a wealth tax on unearned income, the ability of the wealthy to escape income taxes is immensely high. Many of the wealthy CEOs or business owners avoid income taxes by having no “personal” income associated with the accumulation of their wealth. A wealth tax on unearned income would balance the inequality between income rates and income taxes. With most of the.