Thursday, May 29, 2014

Why are Conservatives so Upset by Piketty's Work?

After I thought Conservatives would welcome Piketty's analysis that income inequality is a normal part of an economy, they are instead trying to discredit it.

I can only assume that is because it seems proof that trickle down economics does not work in a globalizing economy with expanding labor pools, which is the situation for the last 30 years and which will likely continue for another 20 years or so.

Conservative voices will have to come up with some new policies that at least pay lip service to improving the economic life of the lower half of the population.

That might include Universal Health Insurance which encourages labor mobility and immigration reform to bring 11 mm undocumented people into the formal economy and increasing our own labor pool.

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