Those on the downside of rising economic inequality generally do not want government policies that look like handouts. They typically do not want the government to make the tax system more progressive, to impose punishing taxes on the rich, in order to give the money to them. Redistribution feels demeaning. It feels like being labeled a failure.
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About Robert J. Shiller
Robert J. Shiller was a contemporary American lithuanian economist. Robert James Shiller is an American economist, academic, and author. As of 2022, he served as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center for Finance. Read more on Wikipedia →
Themes
- Money — Thoughts on wealth, value, and material pursuits