Pity the Rich. It’s So Hard to Get By.

A couple of items that remind me of the discussions last year about tax cuts.  The major bone of contention in last December's tax cut deal was over whether the Bush era tax rate cut for the top income bracket should be extended. You may remember that it the Bush tax cuts were originally scheduled … Continue reading Pity the Rich. It’s So Hard to Get By.

Inequality Matters and Redistribution of Income Helps the Economy

Inequality matters, and contrary to much "conventional wisdom", income redistribution can and does work in man countries.  In fact, the evidence is that it results in faster growing and more productive economies. (Hat tip to Mark Thoma for this summary.  I strongly urge readers to go to  Born Poor?, by: Corey Pein:     and read the … Continue reading Inequality Matters and Redistribution of Income Helps the Economy