Fixing Inequality: More Opportunity is Not the Answer

Now that the decades of rapidly rising economic inequality have become evident to all, the center of public debate has shifted toward the question of what, if anything, can be done to reverse the trend. …

Polls show that most Americans, even many rank-and-file Republicans, dislike growing inequality and endorse, at least in the abstract, taxing the rich more. However, when it gets down to concrete action, Americans–with our insistence on “deservingness” and “just desserts”–typically back off from redistribution. We instead prefer expanding opportunities for people to get ahead, especially by broadening access to education.

Unfortunately, while increasing access would make for a more equal inequality–I’ll explain what I mean by that in a bit–it would do little to compress the ever-yawning income and wealth gaps. CONT.

Claude Fischer