Is this really the way we want things to be? Is this truly the America that offers opportunity to all who are willing to work at it?
Samuelson: Have the Rich Gotten Too Rich?
Has the gap between the wealthy and everyone else become so great that it's creating more resentment than incentive? In a democracy, there is something unsettling about great extremes of wealth and poverty. One question today is whether rich Americans are claiming too much of the economic pie. Look at the latest astonishing estimates from economists Emmanuel Saez of the University of California at Berkeley and Thomas Piketty of the Paris School of Economics. They find that the richest 10 percent of the population received 44 percent of the pretax income in 2005. This was the highest since [...]
The Carpetbagger Report says Samuelson wrote half of a good column...
Economic inequality should ‘reverse itself spontaneously’
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