Will Obama redistribute the wealth? He'd better. | News
News
INDY Week's news blog

Archives | RSS

Thursday, October 30, 2008

Will Obama redistribute the wealth? He'd better.

Posted by on Thu, Oct 30, 2008 at 2:40 PM

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.

 

Tags: , ,

Pin It

Comments

Subscribe to this thread:

Add a comment

INDY Week publishes all kinds of comments, but we don't publish everything.

  • Comments that are not contributing to the conversation will be removed.
  • Comments that include ad hominem attacks will also be removed.
  • Please do not copy and paste the full text of a press release.

Permitted HTML:
  • To create paragraphs in your comment, type <p> at the start of a paragraph and </p> at the end of each paragraph.
  • To create bold text, type <b>bolded text</b> (please note the closing tag, </b>).
  • To create italicized text, type <i>italicized text</i> (please note the closing tag, </i>).
  • Proper web addresses will automatically become links.

Latest in News



Twitter Activity

Comments

Cora landed the endorsements of the Durham Committee (DC) and the Friends (FD) for 10,400 votes.
Huggins with the DC …

by Frank Hyman on Cole-McFadden Survives Durham Council Primary, Moffitt Does Not (News)

Cora landed the endorsements of the Durham Committee (DC) and the Friends (FD) for 10,400 votes.
Huggins with the DC …

by Frank Hyman on Durham's Next Mayor Will Be Steve Schewel or Farad Ali (News)

Most Recent Comments

Cora landed the endorsements of the Durham Committee (DC) and the Friends (FD) for 10,400 votes.
Huggins with the DC …

by Frank Hyman on Cole-McFadden Survives Durham Council Primary, Moffitt Does Not (News)

Cora landed the endorsements of the Durham Committee (DC) and the Friends (FD) for 10,400 votes.
Huggins with the DC …

by Frank Hyman on Durham's Next Mayor Will Be Steve Schewel or Farad Ali (News)

Just because one of our two newly elected Council members is pro-neighborhood and natural resources, it does not qualify her …

by Meredith de la Vergne on Make Way for the NIMBY Raleigh City Council, as Newcomers Nicole Stewart and Stef Mendell Oust Bonner Gaylord and Defeat Stacy Miller (News)

To follow-up on my previous comment. Mary-Ann and Nancy are both very developer friendly and neither one can claim to …

by FONCitizen on Make Way for the NIMBY Raleigh City Council, as Newcomers Nicole Stewart and Stef Mendell Oust Bonner Gaylord and Defeat Stacy Miller (News)

Nicole Stewart was endorsed by Mary-Ann Baldwin, her campaign manager is Nancy McFarlane's daughter and she was supported in her …

by FONCitizen on Make Way for the NIMBY Raleigh City Council, as Newcomers Nicole Stewart and Stef Mendell Oust Bonner Gaylord and Defeat Stacy Miller (News)

© 2017 Indy Week • 320 E. Chapel Hill St., Suite 200, Durham, NC 27701 • phone 919-286-1972 • fax 919-286-4274
RSS Feeds | Powered by Foundation