Page 5 - Inequality Problem News Today

Block, they almost do not register. its not how we think should it be or how we imagine it to be, this is how it is. so on this day when this is true, right, when we just hit the all-time record high in the dow, why is this huge and worsening inequality problem that weve got happening? is this happening because we did something wrong as a country? could we fix this problem if we wanted to? and do we even want to fix it? joining us now are two guests whose expertise on the politics of this and on...

So on this day when this is true, right, when we just hit the all-time record high in the dow, why is this huge and worsening inequality problem that weve got happening? is this happening because we did something wrong as a country? could we fix this problem if we wanted to? and do we even want to fix it? joining us now are two guests whose expertise on the politics of this and on the economics of this issue are rather unsurpassed. joseph stiglitz is a nobel prize winning economist. he is author...

>> well, largely by invoking the kind of supply-side trickle-down theories that really got us into this mess, including that inequality problem you talked about earlier. first of all, let me give a quick shout-out to congressman jim mcdermott, whos been fighting for working people ever since i met him more than a decade ago. look, i was on a debate the other day about these issues. i was actually debating senator ron johnson. and the economy, i think it was on the jobs day or right around there,...

Where you really see the benefits of the perry plan, its to those precisely the folks that have been doing the best. those at the very top of the scale. middle class folks underly plan can choose to pay what theyre paying now. and many will. but of course, if youre exacerbating the income growth at the top of the scale. now one other point from this really fascinating cbo study that really bears on this. one of the things they do in that study is they figure out how has the tax system affected t...

Latest updates on this topic.

Unnecessary roughness to get to your football analogy, because we already have a big inequality problem. this makes it a lot worse. >> congressman ryan also doesnt stop there. he goes into his medicare plan. ryans medicare plan is to privatize through a voucher program, raise costs for seniors by $6,400 in 2022. "wall street journal" said the plan will essentially end medicare. i mean, are we going bonkers or what here? >> well, in my opinion, yeah, this is a bonkers plan. it is robin hood in re...

Latest updates on this topic.