Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"Paul Krugman: What can be done about income inequality?"
Paul Krugman: What can be done about income inequality?by Paul Krugman at the New York Times/India Times
http://economictimes.indiatimes.com/opinion/comments-analysis/paul-krugman-what-can-be-done-about-income-inequality/articleshow/31774880.cms?utm_source=hootsuite&utm_campaign=hootsuite
"SNIP................................
So does reducing inequality through redistribution hurt economic growth? Not according to two landmark studies by economists at the International Monetary Fund, which is hardly a leftist organization. The first study looked at the historical relationship between inequality and growth, and found that nations with relatively low income inequality do better at achieving sustained economic growth as opposed to occasional "spurts." The second, released last month, looked directly at the effect of income redistribution, and found that "redistribution appears generally benign in terms of its impact on growth."
In short, Okun's big trade-off doesn't seem to be a trade-off at all. Nobody is proposing that we try to be Cuba, but moving U.S. policies part of the way toward European norms would probably increase, not reduce, economic efficiency.
................................SNIP"
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
4 replies, 881 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (4)
ReplyReply to this post
4 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
"Paul Krugman: What can be done about income inequality?" (Original Post)
applegrove
Mar 2014
OP
You don't think the pendulum is swinging back towards a more liberal america?
applegrove
Mar 2014
#2
Autumn
(45,107 posts)1. Better question. What will be done about income inequality?
I think nothing will be done about income inequality.
applegrove
(118,694 posts)2. You don't think the pendulum is swinging back towards a more liberal america?
Autumn
(45,107 posts)3. No not yet.
rocktivity
(44,576 posts)4. Stop doing the things that CREATED income inequality.
Mainly, roll back the tax cuts, re-regulate, and stop outlawing organized labor. Raising the minimum wage and Medicare for all wouldn't hurt, either.
rocktivity