"It’s Now the Canadian Dream"

It’s Now the Canadian Dream

by Nicholas Kristof at the NY Times

http://www.nytimes.com/2014/05/15/opinion/kristof-its-now-the-canadian-dream.html?smid=re-share&_r=0

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Inequality has become a hot topic, propelling Bill de Blasio to become mayor of New York City, turning Senator Elizabeth Warren into a star, and elevating the economist Thomas Piketty into such a demigod that my teenage daughter asked me the other day for his 696-page tome. All this growing awareness is a hopeful sign, because there are policy steps that we could take that would create opportunity and dampen inequality.

We could stop subsidizing private jets and too-big-to-fail banks, and direct those funds to early education programs that help break the cycle of poverty. We can invest less in prisons and more in schools.

We can impose a financial transactions tax and use the proceeds to broaden jobs programs like the earned-income tax credit and career academies. And, as Alan S. Blinder of Princeton University has outlined, we can give companies tax credits for creating new jobs.

It’s time to bring the American dream home from exile.



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