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Block, they almost do not register. it's 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 we've 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 econ...

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 we've 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 of "the price of equality: how today's divided society endangers our future." and frank rich looks...

>> 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, who's 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, and he attributed the improving economy to the policies of ronald reagan, okay? they just hadn't q...

Where you really see the benefits of the perry plan, it's 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 they're paying now. and many will. but of course, if you're 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 this inequality problem over time? we still have a progressive system of taxes and some of the gov...

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