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Saez, Picketty and a few others have contributed significantly to the analysis of the role of the tax system changes in recent years and decades to the growing income inequality trends in the US. Their work should be commended. Krugman and other notable liberal economists have publicized their work, especially of late. But none of them have focused in any significant detail on the fundamental origins of income inequality—i.e. in the process of production, in the growth of credit, debt, and speculative finance, or how the working class is not only no longer sharing in the income generation but is increasingly having to give back income it previously earned to the forces of Capital as well.
full: http://www.counterpunch.org/2014/05/13/the-origins-of-inequity/ ________________________________________________ Send list submissions to: [email protected] Set your options at: http://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
