And maybe it's the richest 10% who have a subscription to the WSJ and can afford to read this article... It's paywalled and it looks like the WSJ is blocking archive tools.<p>The subtitle says "The highest-earning 10% of Americans have increased their spending far beyond inflation. Everyone else hasn’t." The underlying assumption is that increased spending powers the economy. Low income people are much more likely to spend an extra dollar that they get (see the top-left figure on p 50 of [1]). So, what should we do? Do redistribution down to the low-income people, who will spend it, and that consumption will end up in the pockets of high-income people in the form of increased share price of assets held by high income people. Sure, we could do too much redistribution, but the US would benefit from more.<p>[1] <a href="https://www.paecon.net/PAEReview/issue95/Roth95.pdf" rel="nofollow">https://www.paecon.net/PAEReview/issue95/Roth95.pdf</a>