28 August 2016   Leave a comment

One possible solution to the growing problem of income inequality is to enact redistributive tax mechanisms.  In many respects, most modern societies employ this method by implementing social welfare programs, such as food stamps, for the very poor.  But these mechanisms only address the symptoms of poverty and not the underlying inequality responsible for the poverty itself.  Curiously, Robert Shiller, an economist at Yale, has written a short essay on the obstacles to a more full-throated approach to solving the problem of inequality and finds that support for using taxes to address that problem is remarkably thin across cultures and among the poor themselves.

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Posted August 28, 2016 by vferraro1971 in World Politics

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