Daily Archives: February 24, 2011

The Rich Get…

Quite a good discussion on taxation policy and its effect on the economy in a global environment.

Chrystia Freeland defends the growing degree of fantastic income disparity in our new Gilded Age on the grounds that today’s plutocrats are, unlike the frivolous aristocrats of bygone eras, “economic meritocrats” preoccupied just as much with the creation of wealth as with its conspicuous consumption.

Armine Yalnizyan from the Canadian Centre for Policy Alternatives makes a great point about structural changes in the economic environment that have upset the rules of the game in terms of the “social contract” average workers may once have imagined they were entitled to reasonably benefit from (and also how the whole “culture of entitlement” can be inverted with respect to wealthy beneficiaries of the current tax regime).

Funny that at the end, Partha Mohanram ends up channelling Thomas Frank…

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Filed under Economy, Elitism