General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIncome inequality. Is it an issue? The issue? OR, do only 315 people care?
It seems to me that the propagandists are in a nervous sweat about the big issue of our times, inequality. Here are two contrasting views.
What do you think about the issue's importance in the 2014 election cycle?
Robert Reich on Facebook:
Right-wing Republicans, spineless Democrats, and some of the mainstream media say the public doesnt really want to tackle the issue of inequality. But several new polls show exactly the opposite. A new CNN poll asked Americans whether the government should work to substantially reduce the income gap between the rich and the poor. The answer is yes by a margin of 66% to 31%, better than two-to-one. And in a new poll from the respected Pew Research Center, 65% say inequality has grown over past 10 years, 53% say government should do a lot to reduce it, 54% favor taxing the wealthy to expand aid to the poor, 73% favor increasing the minimum wage from current $7.25 to $10.10 an hour, and 63% favor a one-year extension of unemployment benefits for those out of work for a long time.
In other words, the public wants action. The movement against widening inequality and for shared prosperity is gaining traction. So why do you think our politicians arent listening? Is it simply because they've been corrupted by big money, or is something else going on?
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AEI Does Itself A Disservice With Obvious Lies
David Cay Johnston Feb 10 2014 http://www.nationalmemo.com/aei-disservice-obvious-lies/
According to what, at least until now, has been one of the most respected pro-business research organizations in Washington, the number of Americans holding this view totals just 315.
The figure of 315 comes from James Pethokoukis, a scholar at the American Enterprise Institute. It was published Monday without irony or even a hint that it was a poor attempt at humor.
Pethokoukis is a writer with a well-established reputation for pieces that events and the passage of time showed to be wrong in premise, context and specifics.
He began his AEI blog, which National Review Online reprinted:
..........
MMcGuire
(121 posts)To answer your question:
"Inequality has shot up the global agenda in recent years: US President Obama has made it a key priority for 2014."
Coyotl
(15,262 posts)MMcGuire
(121 posts)TBF
(32,100 posts)of the planet. And quite frankly capitalism is the force responsible for destroying the planet and the disgusting income inequality - so that is where our focus needs to be: getting rid of the capitalism.
Coyotl
(15,262 posts)Capitalism is not perfect, just better than other forms of economic order. What is required is to place the interests of society above those of the few.
TBF
(32,100 posts)I'm pushing the whole enchilada. New economic system. I don't think the "regulating" thing has worked out too great for the working folks of this country. Evidence that I am correct: The Walton family now controls more wealth than the bottom 40% of the country. Worldwide it isn't going so hot either. As Oxfam has stated - the 85 richest people in the world are as wealthy as poorest half of the world (http://www.theguardian.com/business/2014/jan/20/oxfam-85-richest-people-half-of-the-world). That leads me to believe we need to organize.
Enthusiast
(50,983 posts)It's way past due.
FarCenter
(19,429 posts)oldandhappy
(6,719 posts)The people want action because it is a survival issue -- no income, no food.
Big guys are becoming interested in limited action because the poor no longer buy their products.
And politicians? Who knows. They seem to not care about anything except their own ag subsidies and K Bros checks. OOps. That sound a little caustic. Hmmmm
Tom Rinaldo
(22,913 posts)Economic Justice would be a better framing than income inequality. The latter can be distorted and belittled as far left socialism by Republicans. Most Americans don't think incomes should be remotely equal in our society. They buy into upward mobility and hard work being rewarded etc. etc. Economic Justice implies that all people should be fairly compensated for their hard work, which is a broader and more appealing message to most.
Coyotl
(15,262 posts)instead of a system that rewards cannibal capitalists like Romney devouring companies and outsourcing employment overseas. Economic justice also means not reducing social security after people have paid ion all their lives, etc. etc.
Tom Rinaldo
(22,913 posts)davidcay
(22 posts)Writer of one of the two pieces used to set off this discussion here...
The framing you propose is just as easy to belittle by people who are in willful denial about inequality.
Perhaps historical perspective would help. My latest Newsweek piece is on how the Founders favored workers over owners in a 1792 subsidy law, wrote of their concern that inequality would doom our grand experiment in self-governance and wanted broad ownership of capital. You can read my piece "Why Thomas Jefferson Favored Profit Sharing" here: http://bit.ly/1lyQbWY
Likewise, the minimum wage issue is in need of different framing to reflect full economic theory and mountains of long-term empirical evidence, as I explain din my column this week for Al Jazeera America: http://alj.am/1fWCutH
bluesbassman
(19,379 posts)Lots of great research and conclusions. Thanks for sharing them.
jwirr
(39,215 posts)FreeJoe
(1,039 posts)...but most people seem to blend them into one.
The first issue is that the superrich are quickly getting super richer. I believe that this is because they have rigged the game to increase the returns to those in control of the financial sector. This is increasingly leading to our being led by a plutocracy. This problem can be addressed politically.
The second issue is that there is a growing gap (gulf) between low earners and high earners. Middle income jobs are disappearing while low and high income jobs are growing. This problem is much harder to address. It isn't because of a policy. It is because technology is making some workers much more valuable and other workers much less valuable. The net result is that society is being split between people that can't ever hope to make $40,000/year and people starting their careers well above that.
I see examples of the latter in my personal life. My sister's three kids are in their early to mid-20s. The oldest has been in and out of college with no direction and no major. He's worked a series of retail and fast food jobs and has no prospects to earn a middle class income. Her second child finished college with a literature degree. She's working as an admin assistant and, barring marrying well, will also struggle to be in the middle class. The third child graduated with an engineering degree and started his career making in the low six figures. They will all live significantly different lives economically from how they were raised.
bemildred
(90,061 posts)I.e. a disguised aristocracy.
Enthusiast
(50,983 posts)socialist_n_TN
(11,481 posts)You can't have real democracy until your livelihood is not held captive by someone else who happens to "own" the means of production.
One_Life_To_Give
(6,036 posts)When even the least have their needs attended to then inequality doesn't mean much. When the masses are starving it can ignite a revolution.
Coyotl
(15,262 posts)in the throes of a full-scale revolt against the very few who own so much.
socialist_n_TN
(11,481 posts)who would consider it an "issue". You could find 2/3 or more of that number in our Socialist Progressives group.
Spider Jerusalem
(21,786 posts)The big issue of our times? Climate change and our collective response to it. Compared to permanent drought in major agricultural regions, food insecurity, lack of clean potable water for many millions of people, major risks to life and property and displacement of populations because of flooding, desertification, and rising sea levels? Income inequality is pretty insignificant. But of course very few politicians are even talking about this because addressing it means a major lifestyle change for most people. There's no political will to do anything; people may have some vague awareness of the realities of climate change, but it's an abstraction, they're more concerned with keeping the price of gasoline under $3 a gallon and achieving "energy independence" through fracking and shale oil, never mind the consequences.
HughBeaumont
(24,461 posts)Pethokoukis is no exception to this rule. CNBC has him and his AEI fellows on quite often.
http://rationalwiki.org/wiki/American_Enterprise_Institute