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Revolt Against the Rich
From: "Dave Farber" <farber () gmail com>
Date: Tue, 19 Feb 2019 07:23:40 -0500
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From: John Horgan <jhorgan () stevens edu> Date: February 19, 2019 at 7:23:00 AM EST To: Dave Farber <farber () gmail com>, John Horgan <jhorgan () stevens edu> Subject: Revolt Against the Rich Dave, FYI my latest column. John Horgan Revolt Against the Rich Nobel laureates, a new congresswoman and others urge raising taxes on the ultra-wealthy to counter surging inequality. In 2015 I attended a workshop on political polarization with an eclectic group of scholars and activists. We swapped ideas on resolving battles over climate change, inequality, abortion and gay rights. One obstacle to compromise, a psychologist said, is that many Americans have a visceral, emotional reaction to issues like homosexuality. I have a visceral, emotion reaction to inequality, I replied. It sickens me that some Americans have billions while others barely have enough to eat. An economist derided my attitude as typical left-wing irrationality. Inequality isn’t the problem, he said, poverty is the problem, and we shouldn’t try to solve it by taking more from the rich. I felt chastened. But a flurry of recent articles—with headlines like “Abolish Billionaires” and “The Economics of Soaking the Rich”—argues that we should be appalled by the immense gap between the poor and rich. The proliferation of billionaires shows that capitalism is malfunctioning and in need of reforms, including higher taxes on the ultra-wealthy... Continue at https://blogs.scientificamerican.com/cross-check/revolt-against-the-rich/ Revolt Against the Rich - Scientific American Blog Network blogs.scientificamerican.com Nobel laureates, a new congresswoman and others urge raising taxes on the ultra-wealthy to counter surging inequality.
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- Revolt Against the Rich Dave Farber (Feb 19)