Question
The discussion question is based on the video, Inequality for All: Read this Paul Krugman opinion piece from the NYT, April, 2022 for an update
- Thediscussion questionis based on the video, "Inequality for All":
Read this Paul Krugman opinion piece from the NYT, April, 2022 for an update of some of the concepts and data that Robert Reich discusses in his decade-old YouTube video, "Inequality For All":A Small Earthquake on Staten Island,Paul Krugman, NYT, April, 2022Download A Small Earthquake on Staten Island, Paul Krugman, NYT, April, 2022
a.) What are the parallels between 1928 and 2007 that are drawn in the video in terms of income distribution and the stability of the economy? Cite at least two parallels and explain how they relate.
b.)Explain why it is that the middle class - not the wealthy - are the true "job creators"? You may use the explanation of Nick Hanauer, the owner of the pillow manufacturing firm, here.
c.)Robert Reich says, "The question is not inequality per se; the question is, when does inequality become a problem?" When do you think inequality becomes a problem? Picktwoof the solutions Reich mentions and discusses in the video and explain whether you think these would work or are adequate.
part II
Explain whether you agree with that student's response and why you do or don't agree with them. In other words, briefly explain why you agree or how you think they might reconsider their approach to the discussion question.
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