How to combine a law of physics, corrupt politics, undivided national wealth and uncontrolled greed, in order to generate economic inequality and delusional prosperity. Now comes a book, should have been titled Stolen Wealth. That would be more in line with its long subtitle: How the Rich are taking our common heritage and why we should take it back.
In today's world of economic misery, and it falls to you: Should there be higher taxes on the richest peoplein society? Gar Alperovitz and Lew Daly do a very good case that considerable research shows that yields a large part of the success of the wealthiest people from ancestral knowledge that the society possesses. The incredible economic inequality we see today is therefore morally unacceptable.
Buy if President Obama and his many economic advisors represented in the intellectual arguments in this book, which is very likely, then we can expect a strong push forhigher federal taxes on the highest income and capital gains as well as accumulated wealth through higher estate taxes. This book presents the central argument for such a policy, namely the incredible importance of the inherited knowledge for long periods, which collected the basis for economic success of certain individuals. Her elegance, creativity and hard work can not explain their disproportionate wealth. It largely results from inherited, cumulativeKnowledge from the past.
According to this understanding, it is not so much about redistribution of wealth from the richest people on the other it is more about the morally right and necessary measures to prevent the unjust and immoral ownership of wealth, a relatively small proportion of the population is not properly corrected (albeit legally) achieved.
What must the Americans are told by politicians that "more and more knowledge gain across the generations, is of central importance tothe creation of wealth ", say the authors. why is the proper role of government is to ensure that many more people to do something along the lines of that wealth. And the practical way to do this through higher taxation of the unjust deserts now enjoyed by the upper class.
With regard to these other words, the economic decline of the middle class and the expansion of the working poor result from all these unjust deserts. All the free inherited wealth, which has resulted from knowledge that a fewPeople have managed to profit unfairly from it. This has produced rising economic inequality and the increasing economic suffering of so many Americans.
This is not the easiest book to read, because it is written in an academic rather than a populist style. Nevertheless, for all that a better justification for the "taxing the rich" policy, it is important to want to read. Another good title for the book would be: fighting economic injustice.
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