Thanks to 30+ years of CONservative, trickle down, voodoo... America is now like that very type of oligarchic society of inherited wealth our founders fought a revolution against. Bill Moyers talks with Nobel Prize-winning economist and New York Times columnist Paul Krugman, about Thomas Piketty “magnificent” new book, Capital in the Twenty-First Century (Available, here: tinyurl/n8jtxx) shows that two-thirds of America’s increase in income inequality over the past four decades is the result of steep raises given to the country’s highest earners... What Piketty’s really done now is he said, ‘Even those of you who talk about the 1 percent, you don’t really get what’s going on.’ He’s telling us that we are on the road not just to a highly unequal society, but to a society of an oligarchy. A society of inherited wealth. Krugman adds: We’re seeing inequalities that will be transferred across generations. We are becoming very much the kind of society we imagined we’re nothing like.
Posted on: Mon, 21 Apr 2014 18:56:19 +0000
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