Market Power in the U.S.

1. Is the major market imperfection of the day (2020) based on the domination of a few companies in Information business
2. Led to the organization of major labor unions as well as several federal laws from 1880- the Great Depression
3. Threatens the stability of the world economy since the multi-national companies are more powerful than governments
4. Is the reason why U.S. car companies cannot compete with foreign car companies

The top 1% in the United States

1. Are evenly divided across the country in terms of what qualifies a family as being in the top 1% of income earners
2. Persons in the top 1% in New Orleans, LA and Jackson Hole, WY make different amounts of income
3. Are the only people taxed to pay for public services so the top 1% subsidizes the other 99%
4. Typically and legally, can avoid all individual income taxes