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Why the inequality debate is important

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Why the inequality debate is important Empty Why the inequality debate is important

Post by Idéfix Thu May 15, 2014 10:40 am

Bill Clinton does a good job of summarizing why the debate on inequality is important:

"This inequality debate we're having today is very important," he added. "But it's important to recognize that reducing income inequality was a noble goal because income inequality is a severe constraint on growth. It is here, and it is all over the world. The most comfortable people in society should be obsessed with increasing middle-class incomes and increasing social mobility so more poor people move into the middle class, because it's a severe constraint on our collective growth."

http://www.huffingtonpost.com/2014/05/14/bill-clinton-obamacare_n_5327416.html?utm_hp_ref=politics

Consumer spending is over two-thirds of the economy, and rising inequality severely limits growth potential for the overall economy.
Idéfix
Idéfix

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Join date : 2012-04-26
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