Wednesday, December 21, 2011

Wealth gravity

* The following MotherJones article summarizes some important policies, trends and dynamics that could be the basis for some interesting ethics discussions: http://motherjones.com/kevin-drum/2011/01/matt-yglesias * Reagan believed increasing wealth of the already rich to be good, as do contemporary Republicans. For whom? How? Why? * Unbridled imbalances in an organism are deadly. Far too many Americans lack access to legitimate jobs with apprentice potential. Far too many Americans are becoming hopeless, demoralized and disaffected. That is nothing to celebrate. Can the earth support macroeconomic solutions to such problems? * Was the transfer of wealth from middle class to rich and to other destinations inevitable regardless of policies, eg owing to production technology and international competition? Even if so, government taxing and spending should not be designed to exaggerate and accelerate the trend. * Imagine an economy in which the burdens and opportunities are more widely shared. Imagine a society in which joys and satisfactions are more scattered throughout the socioeconomic pyramid.

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