Income Inequality: Difference between revisions
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[https://www.counterpunch.org/2022/05/31/the-case-for-taxing-the-rich-gets-an-unexpected-boost/ by Sam Pizzigati 31/5/22 COUNTERPUNCH] | [https://www.counterpunch.org/2022/05/31/the-case-for-taxing-the-rich-gets-an-unexpected-boost/ by Sam Pizzigati 31/5/22 COUNTERPUNCH] | ||
We’ve had quite a show up in the Alps this week, the first in-person gathering of the world’s mega rich since Covid hit. The occasion? The annual World Economic Forum at the Swiss resort of Davos, an ever-so-sober gathering that has an assortment of global deep thinkers sharing their wisdom with deep pockets ever eager for policy ideas that don’t involve sharing their wealth. | We’ve had quite a show up in the Alps this week, the first in-person gathering of the world’s mega rich since Covid hit. The occasion? The annual World Economic Forum at the Swiss resort of Davos, an ever-so-sober gathering that has an assortment of global deep thinkers sharing their wisdom with deep pockets ever eager for policy ideas that don’t involve sharing their wealth. | ||
===== Exercise: Compare National Economic Performance as Reflected in Income Distribution===== | |||
[https://www.pbs.org/wgbh/commandingheights/hi/educators/ed_u1_distrib_exercise.html by PBS] | |||
As author Daniel Yergin points out in the film (Episode Three: Chapter 18: The Global Divide), no economic system can survive for long without the confidence of the people who participate in it. Confidence in an economic system is shared among those who reap a benefit from it. The more widely distributed the economic benefit, the greater the legitimacy of the system and the stronger it stands. The distribution of benefits thus has political as well as material ramifications. | |||
