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.

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