CBO gets it: inequality is the issue!

Polit­i­cal Ani­mal:

This morn­ing, news con­sumers woke up to news that the Con­gres­sional Bud­get Office has found that the “top 1 per­cent of earn­ers more than dou­bled their share of the nation’s income over the last three decades,” while incomes have stag­nated for the work­ing classes. Much of this, the CBO found, is the result of con­ser­v­a­tive gov­ern­ment poli­cies that are delib­er­ately less redis­trib­u­tive than the poli­cies of the 1940s, 1950s, and 1960s, when the class gap was far less extreme.

At the same time, news con­sumers also got a look this morn­ing at the lat­est pub­lic atti­tudes on eco­nomic pol­icy. As it turns out, the Amer­i­can main­stream strongly sup­ports eco­nomic pop­ulism, includ­ing higher taxes on the wealthy, more pub­lic invest­ment in job cre­ation, and in gen­eral, poli­cies that would ensure that Amer­i­can wealth is “more evenly dis­trib­uted among more people.”

26 October 2011 – 2:06 pm | By Benjamin Daniels | Posted in Uncategorized | Comments (86)