Tags » Economic Inequality

"Sanders’s Story Provides A Comforting Fable": What Bernie Sanders Doesn’t Understand About American Politics

At the recent Democratic town hall, moderator Chris Cuomo presented Bernie Sanders with what has been a common complaint about his presidential campaign: Sanders’s relentless focus on income inequality, in this campaign and through his career, raises the question of whether he is prepared to address the full spectrum of issues faced by a president. 1,224 more words

Republicans

"Is Vast Inequality Necessary?": Inequality Is Inevitable; The Vast Inequality Of America Today Isn’t

How rich do we need the rich to be?

That’s not an idle question. It is, arguably, what U.S. politics are substantively about. Liberals want to raise taxes on high incomes and use the proceeds to strengthen the social safety net; conservatives want to do the reverse, claiming that tax-the-rich policies hurt everyone by reducing the incentives to create wealth. 755 more words

Conservatives

"No Recipe For Addressing Economic Inequality": The Republican Candidates Can’t Say How Obama Wrecked The Economy

One of the most striking and mystifying aspects of the Republican presidential primary has been the candidates’ inability—or unwillingness—to offer up any kind of coherent economic prescription for the country.  888 more words

Ted Cruz

"Privilege, Pathology And Power": What Happens To A Nation That Gives Ever-Growing Political Power To The Super Rich?

Wealth can be bad for your soul. That’s not just a hoary piece of folk wisdom; it’s a conclusion from serious social science, confirmed by statistical analysis and experiment. 775 more words

GOP

"Cronyism Causes The Worst Kind Of Inequality": Friends Of The Rulers Appropriating Wealth For Themselves

Economic inequality has skyrocketed in the U.S. during the past few decades. That has prompted many calls for government policies to reverse that trend. Defenders of the status quo argue that rising inequality is a necessary byproduct of economic growth — if we don’t allow people the chance to become extremely rich, the thinking goes, they will stop working, investing, saving and starting businesses. 790 more words

Poor And Low Income

"Eradicate The Inequality And Anger": If You Want To Beat Donald Trump, You Have To Do More Than Call Him A Fascist

The American political establishment, from the Democratic Party elite to their Republican counterparts, have discovered something alarming. There is now wide agreement that Donald Trump is a gigantic bigot and at least a quasi-fascist. 793 more words

Conservatives

A Much Better Way to do Tax Reform

My last two posts, here and here, have pointed out the folly of the tax plans of the presidential candidates from both parties:

  • The Republican plans would stimulate the economy but at a cost of huge increases in the national debt, even using dynamic scoring to take into account the growth effects of these plans.
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Jack Heidel