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Paul Ryan’s solution to inequality (not surprisingly) helps the rich, does nothing for poor

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pampango Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-03-11 06:39 AM
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Paul Ryan’s solution to inequality (not surprisingly) helps the rich, does nothing for poor
http://www.washingtonpost.com/blogs/plum-line/post/paul...

Yesterday (11/17/11-I just saw this article) Paul Ryan released a very serious looking report entitled: “A deeper look at inequality.” Ryan’s effort — a rebuttal to that recent CBO report on growing inequality that got so much attention — was applauded by conservatives as an important contribution to the debate.

Ryan’s effort is only “half serious,” fails to prove its argument about inequality, and doesn’t offer any policy prescriptions that would fix the problem as Ryan himself defines it.

...this is a typical fallacy committed by those who oppose progressive taxation. Even if it’s true that the tax burden of top earners has gone up, that’s because their incomes have gone up, and have in fact gone up at a faster rate than their tax rate, meaning they now pay a smaller percentage of their overall income in taxes.

...we can simultaneously make the tax system more progressive while also pursuing policies that enhance mobility. Indeed, Smeeding argues that those goals are two sides of the same policy coin — they are linked. The goal of raising taxes on the rich isn’t merely to promote equality by redistributing wealth. Rather, it’s about generating more revenue to invest in policies that enhance the mobility Ryan hopes to achieve.
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