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Showing Original Post only (View all)Paul Krugman: We live in the most unequal society ever, and it’s only getting worse [View all]
Americans may be living in the most unequal society that has ever existed, said economist Paul Krugman..................
The Nobel Prize winner said this troubling trend began around 1980, when President Ronald Reagan was elected and began implementing supply-side economic policies that promised more wealth for everyone if tax burdens were lifted for the rich.
The fact of the matter is, since inequality began soaring, around 1980, the bottom half of America has pretty much been left behind, Krugman said. There has not been a rising tide that raised all boats.
......................
If we could have modern politicians speaking forthrightly about the danger of high concentration of wealth, as Teddy Roosevelt did in 1910, we would be a long toward a good solution for this, Krugman said, and I guess I believe that America has a tremendous redemptive capacity and ability to take a look and say, OK, in the end, what are our ideals? What do we want our society to look like?
.................................
Its an era of not just inequality, but increasingly what looks like inherited inequality, and I think people understand that, Krugman said. Theyll say, No, we dont want that to happen, and we can do things that are not draconian, not socialist, but in the American tradition to limit that rising inequality.
http://www.rawstory.com/rs/2014/04/17/paul-krugman-we-live-in-the-most-unequal-society-ever-and-its-only-getting-worse/
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Paul Krugman: We live in the most unequal society ever, and it’s only getting worse [View all]
kpete
Apr 2014
OP
Krugman lost his shine for some becuase he, though often critical, generally approves of Obama's
arely staircase
Apr 2014
#71
hmm, I've not heard/read the comments about his liking the permanent tax cuts for the top
CTyankee
Apr 2014
#12
Ignoring, of course, 300+ years of slavery and the Jim Crow era that followed, or the natives
Demeter
Apr 2014
#40
I would argue that society in the antebellum South was probably more unequal
Art_from_Ark
Apr 2014
#85
No way ours is the most unequal society that ever existed. You don't even have to go back into
raccoon
Apr 2014
#7
It was pretty clear to me that Krugman was talking about the US and not other nations
Major Nikon
Apr 2014
#21
Because there are nations today which have far worse income equality than the US
Major Nikon
Apr 2014
#58
Which means either Nobel laureate Krugman is a complete idiot or his comment was misinterpreted
Major Nikon
Apr 2014
#64
We should only be comparing ourselves to our better periods in our own history.
maddiemom
Apr 2014
#51
Says the guy who is getting paid $25,000 a MONTH by an inequality institute.
Cal Carpenter
Apr 2014
#13
It's not about obtaining wealth .. sometimes enormous wealth .. but it is about >>
YOHABLO
Apr 2014
#66
So Krugman should live in a van down by the river before he has any credibility on the subject?
Major Nikon
Apr 2014
#22
A $300,000 yearly salary is big time in comparison to the typical CEO today??
maddiemom
Apr 2014
#50
No. Paul Krugman was a huge NAFTA shill in the '90s. Paul just doesn't like to own up to it.
Romulox
Apr 2014
#75
The tide of Reaganomics DID lift all boats*. It just didn't help people who can't afford boats*.
tclambert
Apr 2014
#65
while I feel unqualified to do so, le me help mr. krugman out with some specifics
arely staircase
Apr 2014
#70