Tuesday, December 6, 2011

Tackling Income Inequality

I have recently read an article written by Laura D'Andrea Tyson who is a professor at the Hass School of Business at the UC Berkeley talked about the main factors that driven the imbalance of wealth distribution in the U.S. and ways to tackle this problem. The recent demonstration "Occupy Wall Street" had already raised the public awareness of the income inequality issue in the United States. Matter fact, the income inequality has already been strengthened and become a long term trend during the last two decades. Laura had pointed out several reasons why the income inequality is exaggerating which includes the increases in business size and complexity; a growing premium for highly specialized skills; change in the forms of executive compensation and increasing size of the financial sectors etc. She believe that certain adjustment about the tax code has to be changed in order to tackle this problem. Otherwise, the situation can be even worsen in the future.

Source: http://economix.blogs.nytimes.com/2011/11/18/tackling-income-inequality/?scp=2&sq=income%20inequality&st=cse

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