Lecture 25 April 26

Lecture 25 April 26 - i Wealth tax 3 Politics politics politics a Economic inequality is rarely a target in itself b Historically addressed when i

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Inequality and American Democracy Lecture 25 April 26, 2007 Wrap Up 1) Why worry about inequality, rather than poverty? a) Economic inequality itself violates fundamental norms b) Economic inequality reflects deeper inequalities like inequality of opportunity c) Economic inequality is inherently harmful to those at the bottom (relative standing matters) 2) What can we do about inequality a) Social programs b) Education reform i) Younger equal education ii) Equal access to college education c) Corporate governance/EC reform d) Tax reform e) Unionization f) Campaign finance reform g) Minimum wage h) More progressive income tax
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Unformatted text preview: i) Wealth tax 3) Politics, politics, politics a) Economic inequality is rarely a target in itself b) Historically addressed when: i) Shared sacrifice, esp. war ii) Severe economic dislocation iii) Social mobilization (civil rights movement, labor) and unrest iv) Touches better off, directly or indirectly (1) Backlash against globalization? (2) Rise of “Office Park Populists?” 4) The future of American Politics and Policy a) The welfare state in an age of limits b) Taxation and new fiscal order c) The motives and prospects for political-institutional reform...
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This note was uploaded on 04/08/2008 for the course PLSC 203 taught by Professor Jacobhacker during the Spring '07 term at Yale.

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Lecture 25 April 26 - i Wealth tax 3 Politics politics politics a Economic inequality is rarely a target in itself b Historically addressed when i

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