January 22, 2014 at 10:51 pm
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.
January 8, 2014 at 4:46 pm
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.
