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Response to adirondacker (Original post)

Sat Apr 19, 2014, 02:07 PM

4. Went to a free public

Last edited Sat Apr 19, 2014, 03:32 PM - Edit history (1)

.... presentation and panel discussion, featuring Piketty and others. He's made a life work out of studying the economies of 30 nations, collecting data on income distribution since the 1800s.

On every chart he presented, America is the worst of the developed nations. We have the most income disparity with the top 2% owning more, proportionately, than any other developed economy. Why? He says there are two reasons: the outsize pay of our top executives, and our tax structure, which while progressive, allows the rich to hoard too much of their money.

The wealth income ration is getting worse and worse and he says will eventually be irreversible except by revolution a la France in 1789.

The cure? He recommends a new, global, world wide progressive tax that redistributes income globally. Didn't say how to pull that off though.

The panel of distinguished economists positively referenced Krugman a fair number of times. Wish Obama would.

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Arrow 29 replies Author Time Post
adirondacker Apr 2014 OP
phantom power Apr 2014 #1
TBF Apr 2014 #2
Auggie Apr 2014 #3
LineReply Went to a free public
zentrum Apr 2014 #4
adirondacker Apr 2014 #6
Maynar Apr 2014 #10
Enthusiast Apr 2014 #27
albino65 Apr 2014 #5
merrily Apr 2014 #7
Curmudgeoness Apr 2014 #8
yurbud Apr 2014 #26
Curmudgeoness Apr 2014 #29
zentrum Apr 2014 #12
albino65 Apr 2014 #14
zentrum Apr 2014 #25
elzenmahn Apr 2014 #9
bvar22 Apr 2014 #11
elzenmahn Apr 2014 #22
gregcrawford Apr 2014 #17
elzenmahn Apr 2014 #23
blue14u Apr 2014 #13
LongTomH Apr 2014 #15
adirondacker Apr 2014 #16
Anansi1171 Apr 2014 #18
Dustlawyer Apr 2014 #19
elzenmahn Apr 2014 #24
DirkGently Apr 2014 #20
concreteblue Apr 2014 #21
adirondacker Apr 2014 #28
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