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Wed Nov 21, 2012, 12:36 PM

Reason #7869345 why growing economic inequality is bad news

When working-class and middle-class people don't rise and fall together, when some groups, families, occupations, and individuals pull ahead while others are left behind, there is less sense of shared responsibility and solidarity in the population.

The elites don't have to divide us to conquer us, because in many cases, we already are divided by a whole number of demographic characteristics. The question is, how do we ensure equality of opportunity in a way that respects the dignity and labor of every American, not some at the expense of others, and how do respect each other's differences while at the same time, ensure that no one gets a raw deal?

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Reply Reason #7869345 why growing economic inequality is bad news (Original post)
YoungDemCA Nov 2012 OP
coalition_unwilling Nov 2012 #1

Response to YoungDemCA (Original post)

Wed Nov 21, 2012, 12:38 PM

1. George McGovern, ca. 1972, proposed a Guaranteed Annual Income (aka

 

"negative income tax") as a great leveller. I have often wondered how things might have turned out differently had McGovern's idea been implemented.

The Earned Income Tax Credit is something like it but you must have earned income to qualify for it. McGovern's proposal would have guaranteed income regardless of employment status or hours worked.

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