Thursday, December 1, 2011

Should the 1% have less?


This piece of commentary by Robert Reich looks at whether is would be beneficial to the economy as a whole if the 1% had a smaller piece of the economic pie. This is linked to the distribution of income that we looked at in class and what would happen if the bell-shaped curve was made steeper. However, Reich directs the discussion to the idea that the economy is very complex and that everyone(all 100%) can be better off at the same time if the economy functions more effectively.

http://www.marketplace.org/topics/economy/commentary/reich-if-1-had-less-would-99-be-better

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