Krugman gets this. Who else does? "Education, then, is no longer the answer to rising inequality, if it ever was (which I doubt). So what is the answer? If the picture I’ve drawn is at all right, the only way we could have anything resembling a middle-class society — a society in which ordinary citizens have a reasonable assurance of maintaining a decent life as long as they work hard and play by the rules — would be by having a strong social safety net, one that guarantees not just health care but a minimum income, too. And with an ever-rising share of income going to capital rather than labor, that safety net would have to be paid for to an important extent via taxes on profits and/or investment income. I can already hear conservatives shouting about the evils of “redistribution.” But what, exactly, would they propose instead?"
Posted on: Fri, 14 Jun 2013 21:46:34 +0000
Trending Topics
Recently Viewed Topics
© 2015