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Guest
As income and wealth became more concentrated in fewer hands, American politics reverted to what Marriner S. Eccles, a former chairman of the Federal Reserve, described in the 1920s, when people “with great economic power had an undue influence in making the rules of the economic game.” With hefty campaign contributions and platoons of lobbyists and public relations spinners, America’s executive class has gained lower tax rates while resisting reforms that would spread the gains from growth.
Yet the rich are now being bitten by their own success.
Those at the top would be better off with a smaller share of a rapidly growing economy than a large share of one that’s almost dead in the water.
http://www.nytimes.com/2011/09/04/o...thening-of-the-middle-class.html?pagewanted=2
Yet the rich are now being bitten by their own success.
Those at the top would be better off with a smaller share of a rapidly growing economy than a large share of one that’s almost dead in the water.
http://www.nytimes.com/2011/09/04/o...thening-of-the-middle-class.html?pagewanted=2