Question
a. What are the two major forces that Dr. Reich suggests that created so much income inequality from 1979 until now? (You will need to
a. What are the two major forces that Dr. Reich suggests that created so much income inequality from 1979 until now? (You will need to watch the Reich video all the way to answer both questions 1 and 2. b.In Dr. Reichs discussion the angst between the RED (Republican controlled states) vs. BLUE (Democrat controlled) states, his ideas on SNAP BACK, did his ideas work or did the last election change his ideas on who would come to power? Was he in fact right on a division among Americans that have come over so much income inequality? c.What did Reagan do and what Art Laffer Reagans chief economist do and what Trump said he will do, to increase wealth, jobs and sustain a more vibrant economy and boost the wealth of the U.S. Middle Classes? (You will have to watch the Reagan and Laffer videos to answer what Trump will do and how it will help our Middle Class once again prosper.) d.According to what Mankiw and also Dr. Reich in his video, what has in fact happened to the income share of the richest population and how would you suggest how incomes could be much fairer redistributed especially among the middle classes. And increasing middle class jobs and wages might help and how do you believe this can this be done. e.How does a WINNER TAKES ALL Society create so much Inequality in a nation? How does Dr. Ron Frank as well as Bill Gates feel how income inequalities can be change or leveled out? f.According to Mankiw, within the US progressives antipoverty programs have according to the text, in fact, discouraged many of the poor from working which reduces our wealth. What do you believe needs to be done to reduce this disincentive of the poor searching and finding work? TIA
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