Review & Outlook - A Shifting View of the Guy on the Hill

Research on income equality and social mobility yields compelling conclusions in support of both sides of the debate. For now, regardless of how the research evolves, it is safe to expect the U.S. will enter an environment of higher personal tax rates with further redistribution in the cards, something investors need to consider when weighing the merits of whether to realize or defer income and capital gains.

The income inequality curve has captured the imagination of the public and is likely to have as lasting an impact. Given the numerous variables and wide-ranging opinions, the debate over income inequality is fluid, dynamic and one the author, Glenmede, will carefully monitor.