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The Rise and Consequences of Inequality in the United States: charts
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Sunday, February 12, 2012
Alan B. Krueger: The Rise and Consequences of Inequality
From a Whitehouse blog
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3 comments:
A few observations:
Break point in Fig 1 - 1979.
Fig 6 - effectively illustrates the shrinkage of the middle class.
Fig 9 takes no notice of finance sector capture of wealth, rentier activities, and lack of regulation; unless these are considered "technological change."
Fig 11 - "Despite large tax cuts" Why not say "Due to large tax cuts?" The canard that tax cuts are growth enhancing is a neoliberal fantasy. Where's my unicorn?
You want some dynamism - put in a robust safety net, so that taking a risk and failing doesn't lead to total personal disaster.
Cheers!
JzB
But Jazz, didn't you get that warm & cuddly feeling just because our government seems to care about inequality???
Good observations.
I get my warm cuddlies a little closer to home.
Government cares about inequality about 1% as much as it should.
Sadly,
JzB
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