As Obama tackles health care reform, he simultaneously
strikes at wealth inequality.
In the U.S., we have been dogged by wealth inequality via redistribution, since the Reagan years. Hence the near demise of the middle class. Along comes Obama.
The bill that President Obama signed on Tuesday is the federal government’s biggest attack on economic inequality since inequality began rising more than three decades ago.
Over most of that period, government policy and market forces have been moving in the same direction, both increasing inequality. The pretax incomes of the wealthy have soared since the late 1970s, while their tax rates have fallen more than rates for the middle class and poor.[.....]
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