redistribution of wealth

redistribution of wealth


Income and Wealth Inequality

April 7th, 2017

To borrow a phrase from Dickens, America might be called “a tale of two cities,” and more now than ever. The time we are living in is reminiscent of the time of robber barons, tycoons, bought politicians, and virtual indentured servitude of the Gilded Age back in the 1920s. Nowadays, the rich are getting richer

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Is Inequality of Wealth Fair and Acceptable?

inequality of wealth March 27th, 2017

Is it appropriate, legitimate, and wise for government to tax the wealthy in order to help the poor (i.e., redistribution)? I think this is largely a moral issue, though it clearly touches economics, and politics. It is my belief that it is morally appropriate for a legitimate government to tax wealthy citizens to redistribute to help the poor. It’s not right to live in a society that is the richest in the history of societies, has significant wealth inequality, very low unionization, flagging wages, and so on; many millions are without health insurance, living paycheck to paycheck, not being able to afford daycare, and such. That’s not a good society. The rich need to be willing to propagate and contribute to a more horizontal society than that. It’s also wise, in addition to simply being moral.

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