Inequality for All
Playing right now on Netflix is the 2013 documentary film Inequality for All starring Robert Reich, who was Secretary of Labor under Bill Clinton. Throughout the film, Reich challenges the specious notions that everything the government does is bad and that everything that the market does is good. The rich spend too little Reich walks us through how Wall Street […]
Are We All Just Jealous of the 1 Percent?
Wealth Inequality The Walton family owns Walmart. They also own more wealth than 40 percent of all Americans. The 400 wealthiest people in the nation own more wealth than 61 percent of the country combined, or about 194 million people. Do we envy their wealth? Income Inequality The top 1 percent of Americans makes on average 25 times […]
Great Recession Still Troubles the Middle Class
Just released is an insightful new white paper from the Brookings Institution’s William A. Galston entitled The New Challenge to Market Democracies. The author goes further than simply asserting that better policy can reverse the now decades-old trend of income inequality. Instead, he suggests that the feasibility of liberal democracy can be cast into doubt. […]