Now that you know 85 people own more than half the world, here’s what to do about it
The media has done a great job covering the 85 people who own more than half the world statistic from the Oxfam report entitled: Working for the Few: Political Capture and Economic Inequality. Media examples here, here, and here.
What I didn’t realize until I read the report was that it has an excellent set of recommendations on how to improve the situation.
Since they’re excellent, the mainstream media seems to have ignored them, and I don’t think Oxfam would mind, here is their series of recommendations.
What Freedom (Industries) Looks Like
Go to 2237 Pennsylvania Avenue, Charleston, WV on Google Maps.
It’s right across the street from Freedom Industries. Switch to street view and you can see Freedom.
The Case for a Working Capitalism
I stumbled on the following quote from economist Ha-Joon Chang over the holidays:
Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rich as what they are—a simple upward redistribution of income, rather than a way to make all of us richer, as we were told.
Chang’s quote reminds us of the initial promise of supply-side economics, that a rising tide would lift all boats, and the subsequent failure to deliver.
It also made me think about one of the most powerful conservative frames: redistribution of wealth.
Chang turns the tables on the typical conservative argument and he gave me an idea how to take things a step further.