H.G. Wells, English socialist and author of over 100 books, including THE WAR OF THE WORLDS and THE TIME MACHINE, toured America in the first years of the 20th century and wrote a book about what he observed, THE FUTURE IN AMERICA.

It was published in 1906 and, in it, he concluded that America’s most significant accomplishment was to make feudalism efficient.

Today, 105 years later, feudalism continues to rule in America, but it’s no longer efficient.

Still, the very rich continue to prosper, as the New York Times reported today. In the last 30 years, according to the very independent Congressional Budget Office, the incomes of the poorest Americans rose 18 percent, middle class incomes rose 40 percent, and incomes of the richest 1 percent rose 275 percent.