Epstein on Wealth Inequality

Does Economic Equality Have a Good Side?
Staff
PBS NewsHour
October 26, 2011

A new analysis from the Congressional Budget Office supports the idea that income inequality has grown considerably over the past few decades. The report found that household income grew by 275 percent between 1979 and 2007 for the wealthiest 1 percent of the population. For the rest of the top fifth of the country, it grew by 65 percent. By contrast, the bottom fifth of the population saw its income grow by just 18 percent.

The NewsHour's economics correspondent, Paul Solman, has been exploring the consequences of those trends in previous stories he has done in his series.

Faculty: 
Richard A. Epstein

Comments

Brilliant

I just happened to see the interview last night and was completely blown away by Mr. Epstein's articulate representation of pure common sense. It's too bad that so many people despise success in this country and only assume it was gotten illegally or through government manipulation. My 17 year old son listened to some of the interview and we talked about some of the points. I am 50 and truly afraid of his future because the people causing most of our problems are greedier than the 1% and don't even recognize that they themselves are the problem. I am a poor, white conservative watching greedy liberals ruin the best country on earth purely out of spite. It's sad.