Piketty’s Tax Hikes Won’t Help the Middle Class


By Megan McArdle – What I want to quarrel with is not the book’s methods or conclusion, but with the general idea that income inequality is the most important thing going on in the world. In terms of how it matters to lived human experience, I doubt it even makes the top 20.

Crime is better, lifespans are longer, our material conditions have greatly improved — yes, even among the lower middle class.

This is where things are breaking down — where things have actually, and fairly indisputably, gotten worse since the 1970s.

What hasn’t improved is the sense that you can plan for a decent life filled with love and joy and friendship, then send your children on to a life at least as secure and well-provisioned as your own. more> http://tinyurl.com/mcd55kl

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