On December 19, 2025, Lora Kelley reported on the persistence of the inequality of wealth distribution in America, first noted in 2020 and subsequently popularized by economics lecturer Peter Atwater of the College of William and Mary, pointing to a “K” shape. Yes, the rich people get richer and spend more money, going up one limb of the K while the poor and middle-class folk scrimp and buy less, going down the other limb of the K. This is nothing more than the outcome of an increasingly unjust allocation of economic rent, now put in overdrive as we barrel to the next fiscal correction in 2026, after 18 years of post-Global Financial Crisis fumbling. The wealthy reap the economic rent generated from their properties, avoid property taxes and income and business taxes, while the poor and near-poor are sacked with 1/3 of their income taken in taxes to pay for city services, then another 1/3 or more taken by a landlord who gets tax exemptions and pays nothing for his city services. There’s not enough to afford the tinsel to throw in the air on New Years. The fix? Tax 100% of the land value increment, year after year and watch land prices collapse and housing become more affordable. You don’t want that? Well, stop reporting on that which some economists have known about for 146 years, acting like it’s something new.