But there is also a larger question: What kind of a country do we aspire to be? Would we really want to be the kind of plutocracy where the richest 1 percent possesses more net worth than the bottom 90 percent? Oops! That’s already us.
-NK
There has been some interesting debate about taxes recently- specifically about the expiration of the Bush-era tax cuts. It seems to me that an argument for less taxes on the rich is based on an ideological America-dream-ish theory. This op-ed by Nicholas Kristof explores income inequality in the states. Unfortunately, with all this inequality, the idea that Americans can hope for the dreamy economic mobility is fading quickly. And the actual empirical data about who's relative tax breaks induce macroeconomic growth points right to lower income folks- they put that money right back into the economy.
Kristof's Op-Ed
-NK
There has been some interesting debate about taxes recently- specifically about the expiration of the Bush-era tax cuts. It seems to me that an argument for less taxes on the rich is based on an ideological America-dream-ish theory. This op-ed by Nicholas Kristof explores income inequality in the states. Unfortunately, with all this inequality, the idea that Americans can hope for the dreamy economic mobility is fading quickly. And the actual empirical data about who's relative tax breaks induce macroeconomic growth points right to lower income folks- they put that money right back into the economy.
Kristof's Op-Ed
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