Tuesday, March 5, 2013

Wealth Inequality in the United States

Great video, that apparently is going viral. Worth your time, even if the definitions of Socialism and middle class are sophomoric.
Note that this is not income inequality, but wealth. Ed Wolff notes that this incredibly skewed distribution has also led to "exploding debt and a consequent 'middle-class squeeze.'" For that reason he advocates for a wealth tax. Sounds like a good idea.
By -
Labels: , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it

I noted (here on the blog and also here ) that I didn't think predictions about inflation acceleration and a recession as a result of a ...

  • Blog Moving to Substack (and first post)
    "Where is Everybody?" The blog will continue here for announcements, messages and links to more substantive pieces. But those will...
  • Hyperinflation in Bitcoinland
    There are Gold Bugs and there are  Bitcoin Bugs. They all oppose fiat money (hate the Fed and other monetary authorities) and follow some s...
  • A reply to Wray - Part I
    By Sergio Cesaratto (Guest Blogger) “The fact that individual countries no longer have their own currencies and central banks will put n...