The Conversation

The Birth of a New American Aristocracy

In June, Matthew Stewart wrote about the gilded future of the top 10 percent—and the end of opportunity for everyone else.

I am moved to write simply because I find Mr. Stewart’s cover story one of the best-written, best-reasoned, and most important pieces of journalism I have read in many years. As a longtime citizen of the author’s hometown, I have sometimes prided myself on not being a member of the 9.9 percent, unlike many of my neighbors....

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