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What's not to like about The Republican Tax Bill

December 10, 2017

Tags: income inequality, labor unions, competition, automation

I asked Wise Elder what he thought of Your financial shock wealth: Understanding money, inequality, and why the tax bill is important by Yonatan Zunger. He replied:
Overall it makes sense.* The tax bill is indeed a naked power grab by the wealthy and powerful to become even more wealthy and powerful, even though they tell us (and themselves) they are doing it for our own good. I was surprised that he didn't say anything thing about the role of unions in the reduction of inequality between 1945 and 1970; the unchallenged economic power of the US at a time when Europe and Japan were prostrate (more…)