Income Inequality Does Matter And It Makes Us Worse Off

There is viewpoint that asserts that income inequality and wealth inequality are necessary, that they are the differences that motivate people to work and get ahead.  This viewpoint often implies that without wide income disparities that our economy's growth would slow.  Supporters of such a viewpoint seem to suggest that the only choices we have … Continue reading Income Inequality Does Matter And It Makes Us Worse Off

Distribution of Wealth: Reality vs. Ignorance

Americans of all persuasions, right and left, progressive and conservative, apparently actually want the same distribution of wealth.  We want to be like Sweden.  Yes, the "socialist" Sweden.  But, we don't know that and we don't agree on policies because we don't accurately perceive what the current distribution of wealth.  A fascinating study by behavioral … Continue reading Distribution of Wealth: Reality vs. Ignorance