Top Leaderboard, Site wide
Truthdig: Drilling Beneath the Headlines
March 27, 2017 Disclaimer: Please read.
x

Statements and opinions expressed in articles are those of the authors, not Truthdig. Truthdig takes no responsibility for such statements or opinions.


The Feuding Kleptocrats




What Is Sex For?
I Am Brian Wilson

Truthdig Bazaar
The Future History of the Arctic

The Future History of the Arctic

By Charles Emmerson
$19.11

more items

 
Report
Email this item Print this item

The Politics and Economics of Inequality: A Lecture to the Top One-Tenth of 1 Percent (Video)

Posted on Jul 5, 2014

By Robert Reich

         
This post originally ran on Robert Reich’s Web page.

Here’s the Aspen Lecture I gave recently at this year’s Aspen Ideas Festival. The irony of talking about inequality with an audience composed almost entirely of the richest one-tenth of 1 percent of Americans was not lost on me. When I suggested that we return to the 70 percent income-tax rate on top incomes that prevailed before 1981, many looked as if I had punched them in the gut.

But I stressed it’s not a zero-sum game, and they’d do better with a smaller share of a rapidly-growing economy — growing because the vast middle class and the poor had the purchasing power to get the economy back on track — than they’re doing with a large share of an economy that’s barely growing at all.

It’s crucial that America’s most powerful and privileged understand what’s happening, and why they must support fundamental reform.

Advertisement

Square, Site wide

Lockerdome
Taboola Below Article


Get truth delivered to
your inbox every day.



New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

Join the conversation

Load Comments
Right Top, Site wide - Care2
 
Right 3, Site wide - Exposure Dynamics
Right Skyscraper, Site Wide
Right Internal Skyscraper, Site wide

Like Truthdig on Facebook