Saturday, May 5, 2012

Can I get an "Amen"..................?


"Culture also matters. Although it is important to shine the spotlight on egregious unearned salaries, clubbing all high earners into an undifferentiated mass - as the “one percent” label does - could denigrate the wealth creation that has served the country so well. The debate on inequality should focus on how the United States can level up rather than on how it should level down."


So says Raghuram Rajan in his essay, The True Lessons of the Recession:  The West Can't Borrow and Spend Its Way to Recovery

1 comment:

  1. A friend of mine said said that if we gathered all the dollars in the US into one pot and divided them up evenly within five years the same people who are rich would be rich again adn the same people who are poor would be poor again. It's (mostly) not luck.

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