In his new book, Joseph Stiglitz outlines a sweeping plan to correct economic inequality http://www.theatlantic.com/business/archive/2015/11/stiglitz-heres-how-to-fix-inequality/413761/ … #choices
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@paulg Larrys and Sergeys aren't the problem. That's a facile remark not worthy of you. Read the book, then comment http://rewritetherules.org
@timoreilly Maybe you can summarize for us. How do you "correct economic inequality" and still allow billionaires?
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@paulg@timoreilly why do we need billionaires? Most smart techies are barely motivated by moneyThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg@timoreilly Is having a billionaire class really preferable to actual social & economic opportunity for all? -
@paulg@timoreilly Less inequality = better opportunity for all = more well-educated people able to start businesses
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@paulg@timoreilly he increases marginal tax rate by 5% for richThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg@timoreilly correct education, justice, still health inequalities while fomenting billiinairesThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg perhaps read the proposal instead of being a pedant about what “inequality” means, without reading the materials providing context?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg@timoreilly@StartupLJackson How about: Invest in public education, research and infrastructure (like the Internet)? -
@paulg@timoreilly@StartupLJackson Great review&summary of Stiglitz book in NYRB by always thoughtful Surowiecki: http://www.nybooks.com/articles/archives/2015/sep/24/stiglitz-why-rich-are-so-much-richer/ …
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@paulg@timoreilly A *lot* of billionaires ;)Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg You start by getting rid of lower taxes on capital gains. End the carried interest deduction. Stop tying CEO comp to stock price. -
@timoreilly@paulg why is the goal reduced inequality? shouldn't the goal be enhanced prosperity? in a race to the bottom everyone loses - Show replies
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