When people think about "income distribution" there's a tendency to think of it only in terms of what different people or households have available to spend. In other words, we focus on the fairness or equity of whether some households should only have a small amount of money to live off of vs. others who … Continue reading Income Distribution Does Matter. It’s Wrong Now and Stopping Growth.
labor vs. capital
We’ve Had Class Warfare Since 1980 – The Workers Lost
Whenever some politician, typically a progressive, begins to talk about redistribution of income, the more conservative politicians, backed by "serious political pundits" counterattack by claiming "class warfare". It's apparently one of the givens in Washington that any form of redistribution of income, be it by progressive taxes, measures to protect unions, help to the unemployed, … Continue reading We’ve Had Class Warfare Since 1980 – The Workers Lost
EconProph 