Right idea, but mainly a rehash of articles. Not much new and no real thought about solutions. "Soak the rich" certainly does not frame a solution correctly. Great risk shift Transfer of risk to individuals. Defense of inequality is mainly based on Randian analysis. Inequality is good That is capitalism. Only wrong when it is unfair Income does not matter Inequality dos not create unhappiness Quality of life is improving Quality of life is stagnating What to do Soak the rich Import more skilled labor Improve schooling Price limits on college Revive labor movement Probably the best book I've read so far about why inequality has grown in the U.S. It's a relatively short book, but deftly tackles many tough subjects. Although there's no doubt that education and technology are factors in who earns what and how much, their roles are overstated. The real culprits? They include a federal tax policy that has, for decades, redistributed wealth upwards, the decimation of unions and the deregulation of Wall Street and subsequent financialization of the U.S. economy.
Really interesting, the stats and numbers could be a bit much for a non-stats person like myself.
—Judith
Good book with plenty of interesting information. It lacked cohesion, though.
—janie_toes
Good combination reading with The Oath for the Glass Steagall act history.
—emmaroberts1jan
superb!!!! I ask all of my friends to read this outstanding book!!!
—tat
Interesting analysis but no reasonable solutions offered.
—shikchety
