I submit to you that this state of affairs is simply unacceptable. This current degree of income inequality is probably the most disruptive, most corrosive and most troubling problem confronting the U.S. economy today. Even if inequality is a “natural” consequence of market based economies it doesn’t mean that we should tolerate it. (Bee-stings and allergies are also natural but you don’t just stand there and do nothing while your friend goes into anaphylactic shock.) I only need to watch 10 min of the Real Housewives of Orange County before I become convinced that we are really in dire need of aggressive income redistribution. It would be nice to see someone make a reality show called The Real Housewives of Gary Indiana; or the Real Housewives of Flint Michigan; or the Real Housewives of Allentown Pennsylvania.
21 March 2014
Needed: Meaningful Progress on Income Inequality