Robert Reich: Wealth inequality is even more devastating than income inequality

Wealth inequality is even more of a problem than income inequality. That’s because you have to have enough savings from income to begin to accumulate wealth – buying a house or investing in stocks and bonds, or saving up to send a child to college.
But many Americans have almost no savings, so they have barely any wealth. Two-thirds live paycheck to paycheck.
Once you have wealth, it generates its own income as the value of that wealth increases over time, generating dividends and in