Inequality Is Holding Back The Recovery -NYT Opinionator

[socialindependocrat]

15. Octo - Great post! Two things to add

I've been thinking about the tax rates for investments.
Shouldn't the tax rates on investments be higher since they people with money to invest do so and increase their wealth without expending much physical energy and the worker gets $20/hr by directly expending their energy for 8-10 hours a day
and then they're shot for the day. (I understand that we used to need to incentify investing to grow businesses but it seems that people are making pretty good money these days without much risk.)

Second, I have seen my work efforts reap decreasing returns over the past 30 years. Add to that the increase of necessities by 30-65% and sometimes more. I think an added problem is that it dawned on the worker that they were going to have to put more toward retirement if they didn't want to just expire at their desk one day and that would be the end of an unfulfilled dream. So now, they have less money due to inflation (the increased cost of necessities) and they are taking what little is left and putting it away for retirement so that very little money gets spent by the middle class which slows the recovery even more.

Just some thoughts.

Great post!