Top Leaderboard, Site wide
November 28, 2014
Truthdig: Drilling Beneath the Headlines
Sign up for Truthdig's Email NewsletterLike Truthdig on FacebookFollow Truthdig on TwitterSubscribe to Truthdig's RSS Feed

Get Truthdig's headlines in your inbox!


Weather Extremes Will Be the Norm As World Warms




Joan of Arc


Truthdig Bazaar
When I Was a Child I Read Books

When I Was a Child I Read Books

By Marilynne Robinson
$24.00

Van Gogh: The Life

Van Gogh: The Life

By Steven Naifeh (Author), Gregory White Smith (Author)

more items

 
Report

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

Email this item Email    Print this item Print    Share this item... Share

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

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.

 
Monsters of Our Own Creation? Get tickets for this Truthdig discussion of America's role in the Middle East.
Right 1, Site wide - BlogAds Premium
 
Right Skyscraper, Site Wide
Right 2, Site wide - Blogads
 
Join the Liberal Blog Advertising Network
 
 
 

A Progressive Journal of News and Opinion   Publisher, Zuade Kaufman   Editor, Robert Scheer
© 2014 Truthdig, LLC. All rights reserved.

Like Truthdig on Facebook