Income and Wealth Inequality

This is a theme I come back to from time to time because it’s at the heart of much that’s wrong with the world. Robert Reich has been in the forefront of getting this point across. In recent post, he documented the good that can come from combatting the trend toward plutocracy and oligarchy that proceeds unabated across the globe: By passing a capital gain tax aimed at the rich, Washington State has raised nearly 850 million dollars. All of it will go toward child care, early learning programs, and school construction, and, as Reich says, “The rich are still doing fine.”