“incentives aren’t the only thing that matters for economic growth. Opportunity is also crucial. And extreme inequality deprives many people of the opportunity to fulfill their potential.Moreover, this isn’t just unfair, it’s expensive. Extreme inequality means a waste of human resources.”
For more than three decades, almost everyone who matters in American politics has agreed that higher taxes on the rich and increased aid to the poor have hurt economic growth. Liberals have general...
“incentives aren’t the only thing that matters for economic growth. Opportunity is also crucial. And extreme inequality deprives many people of the opportunity to fulfill their potential.Moreover, this isn’t just unfair, it’s expensive. Extreme inequality means a waste of human resources.”
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Opinion | Inequality Is a Drag (Published 2014)
For more than three decades, almost everyone who matters in American politics has agreed that higher taxes on the rich and increased aid to the poor have hurt economic growth. Liberals have general...
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