Paul L. Caron

Friday, January 23, 2015

C-Span: Economic Inequality and the U.S. Tax System

C-Span Washington Journal, Economic Inequality and the U.S. Tax System:

Edward Kleinbard talked about his book, We are Better Than This: How Government Should Spend Our Money.  He spoke about why the government should do more, including increasing the size of the tax system, to improve the economy and combat income inequality. (Click on button on bottom right to view video directly on C-Span to avoid interruption caused by blog's refresh rate.)

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Prof Kleinbard is simply ignorant of many facts of life in the USSA. We do NOT all share in the gummint-financed infrastructure: you will almost never see a Black or non-Asian Brown face at any of our vaunted national parks or forests. The current tax system is skewed in favor of married folks, breeders and their progeny. The gummint's solution to problems of global warming and other societal problems is to tax single and the childfree to secure the future of the breeders' progeny who are the very ones causing the increase in warming, destruction of coral, shortages of water and energy and species extinction.

Now that the Pope has relieved Catholics of any obligation to "breed like rabbits," it's time the gummint got on board by taxing the breeding, not subsidizing it by policies like EITC and public financing of education.

Posted by: Jimbino | Jan 23, 2015 9:52:26 AM

The good professor & the study he mentions in regard to K-12 education are simply wrong. Over the past 5 decades at least we have thrown more & more money into K-12 and the results have not improved. In fact the performance has gotten worse if you look at college entrance exam scores. How this can generate more wages is beyond me. As to infrastructure spending it has become a patronage handout system. There are no shovel ready projects as pointed out by our president. The majority of government spending has been captured by the top 1% and public unions.

Posted by: axelhose | Jan 24, 2015 2:08:30 AM

Kudos to Jimbino and axelhose. The correct way to respond to progressive central planners who believe they are smart enough to do what has never been done, i.e., control the economy, is to attack their false premises. And, they always start their arguments with a false premise. (Krugman is the master of this.) Centralized planning has never worked. It is not working now, and it will never work in the future. Go back and read Alvin Toffler’s 1980 book “Future Shock.” He predicted that availability of the more and more information would lead to more and more decentralization – not more centralization. Consequently, centralized planning schemes like the Euro were doomed from the start.
Bottom line? We don’t need to do any more smart things. We just need to stop doing stupid things, like continuing to tinker with a tax code that has gotten completely out of control.

Posted by: Dale Spradling | Jan 24, 2015 11:44:38 AM