Has there been a $50 trillion wealth transfer to the richest Americans?

The podcast episode features an interview with Carter Price, a senior mathematician at the RAND Corporation, discussing claims about income and wealth inequality. Price explains his research methodology, which calculates the "foregone income" for the bottom 90% of workers since 1975 by comparing actual income growth to a hypothetical scenario where income grew evenly with the broader economy, as it did in the post-WWII era. He clarifies that the figures of $50 trillion and $80 trillion represent cumulative foregone income, not wealth, and that the current annual gap is around $4 trillion. The discussion also touches on potential causes for this inequality, such as productivity gains not translating to increased wages for most workers, and the impact of changes in tax policy, noting that the top income tax rate has significantly decreased since 1975.