If were serious about reducing inequality, we need to do more than raise taxes on the rich.
We need to correct the market failures in labor and education that generate it.
The educated unemployed are our rising social problem.
The real battle is not about eliminating rents but determining who will benefit from them.
America has done a remarkable job of closing the only gap that matters: the personal well-being gap.
Taxing the rich would raise vitally needed revenue.
The top tax rate could be as high as 83 percent without harming economic growth.
Call it socialistic if you want, but its what we need.
Problems in education cant be blamed on market failure, because American education is dominated by government.
If anything, tax policy has moderated the increase in inequality since 1979.
Financial inequality replicates itself in nearly every sphere of lifehealth, leisure time, even marriage.
Inequality is a product of our impoverished ideas about autonomy, community, and solidaritynot our economy.
The legitimacy of levying taxes to recoup illicit gains is beyond dispute.