Reddit reviews The Price of Inequality: How Today's Divided Society Endangers Our Future

> But I want to leave you this afternoon as I wrap up with truly the most detrimental imbalance which many will argue is the root to all the others and that is, ladies and gentlemen

Gay marriage. Everything else is just a bad thing that happens because gay marriage.

So...

9/11, government is bad, 9/11...

I read this guys recent book. It displays the problem with the American economy well. His book has a lot of rhetoric you have to shift through, and is a little repetitive, but all in all it's a good read.

People may also find this interesting. The reason inequality is an issue isn't because of some arbitrary moral reason, but because reducing it increases the length of long-term economic growth moreso than trade liberty does (see p. 12).

http://www.amazon.com/The-Price-Inequality-Divided-Endangers-ebook/dp/B007MKCQ30
Its not a question of them making their own money, its how much they should earn for doing so and whether they should get so many favorable tax benefits for being wealthy

Stiglitz wrote a book about inequality with suggestions. The book itself He rank #4 on Repec's most influential economists of all time.

Kruger made a speech about inequality and touched somewhat on the end with suggestions. He is also responsible for studying the effects of minimum wage increases.

I know Krugman has touched on inequality several times on his NY Times column.

ETA:

>Otherwise yes, they are for inequality.

TIL Stiglitz, one of the leading economist who focuses on the problems of inequality is for it. lmao

>You may not see life as 'fair' but stealing from others is no solution.

Call the police, if people are stealing from you there are laws against it. Taxation (i.e. the cost of living in a modern society) is not theft.

>Without mandated government education and high-taxes for it, maybe people would have more of their money in the first place and figure out lower cost solutions (think internet).

No. Without public education you would have an uneducated population. People wouldn't have more money because theyd probably be payed shit and the little bit they did make would probably go to paying off their debts they incurred just trying to feel happy. Fuck your stupid ideology. edit to add Aslo, what the fuck is with you people in your constant attacks against the poor? Why can't it be:

"lets cut military funding so we can make our education system the envy of the world?"

"Why do we give all these subsidies and tax breaks to large corporations and the rich? Why can't we force them to pay more and use that money to help negate the damage they cause and to help create a better society"

You people are useful idiots for the corporate elite, who youd gladly let shit down your own families throat all well blaming the ensuing e.coli infection on a minimum wage law...

>Maybe without monopolies on certain careers (licenses), maybe money wouldn't be an issue like it is today. The problem is status quo policy.

Money is an issue today because of the faults of capitalism and the governments inability to check it properly... Here is a book Read it...

>No - you cannot dismiss my opinion in a political discussion forum by equating it to someone you do not like.

I mean, I think I can dismiss trite talking points that offer no substance. You offer no study, no statistics. You seem to feel so confident dismissing "opinion pieces" that cite IMF studies, and yet seem to be so taken aback that I may dismiss a rebuttal to statistical analysis that offers no more substance than a Rush Limbaugh-esque talking point. Perhaps even funnier is the way you essentially did exactly what you're railing against here,

>The IMF are simply economists paid by politicians.

As if you can simply invalidate the work of Nobel laureates and statistical analysis through a pithy remark.

>These statistics are no more than saying, "He's rich and that is not fair."

You are clearly woefully unfamiliar with the papers you're casually dismissing if that is what you think the analysis is.

You're trying to get into some weird pissing match with, it seems to me, someone you presume to think believes "hurr durr inequality=bad". If you would actually read these studies/articles you feel comfortable casually dismissing without giving more than a passing glance, you would realize the argument is that vast inequality ends up hurting everyone, including those who benefit from it in the short term, because it hampers overall economic growth and strangles the wallets of consumers.

It's not about what's "fair", it's about what makes the most economic sense. Read the IMF papers or the works of Joseph Stiglitz, to better understand why you just made a strawman.

Talk to any Nobel prize winning economist. Read a book instead of Breitbart and InfoWars.

https://www.amazon.com/Price-Inequality-Divided-Society-Endangers-ebook/dp/B007MKCQ30/ref=sr_1_2?s=books&ie=UTF8&qid=1526398644&sr=1-2&keywords=stiglitz

Per capita income (list). The difference between Norway and the US is not nearly large enough to serve as an explanation. There is, of course, Nobel Prize winning economist Stiglitz (yeah, I hate that particular fake Nobel Price and quite a few of those who got it but pointing to someone more famous is a sure way to get a point across) who points to inequality as a better explanation than GDP. Not that he's the only one, but in an Internet forum one tends to want to point the most famous person in support and neglect the others.

The Spirit Level was the big book on the effects of inequality, but now it's the economist Joseph Stiglitz's The Price of Inequality, a monster of a researched book, with the biggest portion of a book with endnotes I've ever seen.

Samoin Stiglitzin The Price of Inequality.

> Human Action, specifically the "Inequality of Wealth"

I take your six paragraph dismissal of the current out of control inquality of wealth and raise it by an entire (incredibly well referenced - half the book is devoted to references and footnotes) book devoted to the subject (and yes - I have read it): The Price of Inequality: How Today's Divided Society Endangers Our Future.

You may think it's common sense, but it's not all that accurate. When I get home i'lI edit in some books you should read.

EDIT:

Betrayal of the American Dream.

Winner Takes All.

The Price of Inequality This one in particular is great. It's written by Nodel Prize for Economics winner Joseph E. Stiglitz.

Hard question.

I haven't thought about the root cause much. Maybe inequality? Competitive society? Or education itself? The thought itself might be the root cause. As I stated 1st reply, many Koreans think that university is a must step of a life. (More than half? I guess)

I think we need to learn from other nations that students are happy and achieving. Obama's fondness of Korean education system is so ridiculous. Yeah, we achieves high education points from students who studies 10 or more hours every day. Very inefficient compare to other high achieving countries.

Parents need education for parenting. Many Koreans thinks they can do it very well naturally. Some parents do it well without learning or thinking much. But not many.

And I think the problem can not be solved in education system only.
It's much more deep problem. The thought "university must" have some foundations. Difference between life of "have a degree" and "haven't" are too big, or considered too big.

I think The Price of Inequality can explain something about it.
The book is about US, but Korea has many similar phenomena.