Will Obama redistribute the wealth? He'd better. | News

Will Obama redistribute the wealth? He'd better.

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From NC Policy Watch in Raleigh, Rob Schofield sends word of important work by the Center for Budget and Policy Priorities in Washington. To summarize: The yawning income gap in the U.S. between the rich and everyone else, along with the wealth gap, continues to worsen. Our national wealth distribution makes us look like a banana republic. (Or, to stay with the food meme, too few Americans are like Barack Obama, who did share his peanut butter and jelly sandwich, and who does want to raise taxes on incomes in excess of $250K/year so as to afford a "middle-class" tax cut.) 

But the Center's data also tell us, Schofield says, that we're not so far gone that sensible policies can't bring us back: 

The presentation serves as a powerful reminder that America's problems are, contrary to the contentions of the market fundamentalists, fully within our ability to directly and intentionally influence with straightforward public policies.

 

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