By Robert A. Vella
This week, Bill Moyers concluded his interview with Nobel Prize-winning economist Joseph Stiglitz who said America’s worsening income inequality can be fixed through tax reform. The underlying problem is a political one which both created the rise in inequality and stands as an obstacle to remedial solutions. As he stated:
It’s amazing. And Americans have not yet grasped the reality of where we are. That our economic system has not been delivering for most Americans. And the fact that this has been true and that we have no longer a country where there’s opportunity, where the life prospects of a young person are so dependent on the income and education of his parents means that our view of the way our economic system works has to change.
My view is that these are not inevitable. These are not just the result of the laws of economics. You…
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