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To get back to the kind of shared prosperity and upward mobility we once considered normal will require another era of fundamental reform, of both our economy and our democracy.
To get back to the kind of shared prosperity and upward mobility we once considered normal will require another era of fundamental reform, of both our economy and our democracy.
Nations are becoming less relevant in a world where everyone and everything is interconnected. The connections that matter most are again becoming more personal.
Nations are becoming less relevant in a world where everyone and everything is interconnected. The connections that matter most are again becoming more personal.
Before the rise of the nation-state, between the eighteenth and twentieth centuries, the world was mostly tribal. Tribes were united by language, religion, blood, and belief. They feared other tribes and often warred against them.
Before the rise of the nation-state, between the eighteenth and twentieth centuries, the world was mostly tribal. Tribes were united by language, religion, blood, and belief. They feared other tribes and often warred against them.
Obviously, personal responsibility is important. But there's no evidence that people who are poor are less ambitious than anyone else. In fact, many work long hours at backbreaking jobs.
Obviously, personal responsibility is important. But there's no evidence that people who are poor are less ambitious than anyone else. In fact, many work long hours at backbreaking jobs.
We already have an annual wealth tax on homes, the major asset of the middle class. It's called the property tax. Why not a small annual tax on the value of stocks and bonds, the major assets of the wealthy?
We already have an annual wealth tax on homes, the major asset of the middle class. It's called the property tax. Why not a small annual tax on the value of stocks and bonds, the major assets of the wealthy?
As income from work has become more concentrated in America, the super rich have invested in businesses, real estate, art, and other assets. The income from these assets is now concentrating even faster than income from work.
As income from work has become more concentrated in America, the super rich have invested in businesses, real estate, art, and other assets. The income from these assets is now concentrating even faster than income from work.
Rather than subsidize 'American' exporters, it makes more sense to subsidize any global company - to the extent it's adding to its exports from the United States.
Rather than subsidize 'American' exporters, it makes more sense to subsidize any global company - to the extent it's adding to its exports from the United States.