Topic: Thomas Piketty
The recovery has been slow, but not because of Europe's debt crisis, Wall Street, or high taxes. American consumers, whose spending is 70 percent of economic activity, don’t have the money to buy enough to boost the economy.
A better answer would be to close the loopholes that help the wealthy avoid paying higher taxes, but some argue that a minimum tax like the Buffett rule might be a good start.
Policies that generate more widely shared prosperity lead to stronger and more sustainable economic growth — and that’s good for everyone.
Studies show that the rich are getting a lot richer, the poor a little poorer. The middle class is slipping.