Monday, December 29, 2014

How Bad Is Income Inequality? | National Catholic Reporter

How Bad Is Income Inequality? | National Catholic Reporter by MSW. MGB: It should not be the stuff of business schools, but school of political science and economics departments.  I am pretty sure they are studying these things.  Tax Policy Center discusses them but the real thing that must be highlighted is how the Reagan tax cuts caused them by giving CEOs license to steal.  The Greens and the Socialists are discussing the right things - and it is not up to the Democratic Party itself to discuss them, but its presidential candidates.  I am not sure we can go back by simply raising taxes - it is time to get rid of investor capitalism and replace it with employee-ownership.  Sadly, the Democrats won't go there because unions won't go there - their CEO salaries are on scale with business CEO salaries.  They won't change that.  Getting from here to there involves changing Social Security collections and using some of them to purchase company voting stock.  It has been an article of faith to never discuss that in the Democratic Party.

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