Sam Harris writes in Huffingpost.com about the current wealth gap, how dangerous it is, and a 'simple' solution to it. Here is a quote from it:
Most Americans believe that a person should enjoy the full fruits of his or her labors, however abundant. In this light, taxation tends to be seen as an intrinsic evil. It is worth noting, however, that throughout the 1950's--a decade for which American conservatives pretend to feel a harrowing sense of nostalgia--the marginal tax rate for the wealthy was over 90 percent. In fact, prior to the 1980's it never dipped below 70 percent. Since 1982, however, it has come down by half. In the meantime, the average net worth of the richest 1 percent of Americans has doubled (to $18.5 million), while that of the poorest 40 percent has fallen by 63 percent (to $2,200).
Follow the link to read this well-thought out article.
Sam Harris on the Growing Wealth Gap
No comments:
Post a Comment