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Robert Reich described the virtuous cycle of falling inequality in his movie. What were his main points? That falling inequality will help grow the middle
Robert Reich described the "virtuous" cycle of falling inequality in his movie. What were his main points?
That falling inequality will help grow the middle clast where most of the spending happens and thus stimulate the economy and leave more tax revenue for important programs like education, which further stimulates the economy
That falling inequality will cause many Americans to be able to retire earlier, and this opens up jobs for newcomers
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That falling inequality will reduce the incentives to work hours per week, and thus will lead Americans to take more leisure making us similar to European countries where quality of life tends to be higher
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