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Inequality in the United States—pandemic edition David F. Ruccio

Summary:
Pretty shocking numbers if wealth being hoovered up.Note that the UBI is supposed to address the effects of inequality — but won't. The obvious way to do this is to preempt economic rent extraction and mop up the residual by taxing it away. But that would require a shift in political power relations.Occasional Links & CommentaryInequality in the United States—pandemic edition David F. Ruccio | Professor of Economics, University of Notre DameSee alsoCounterpunchTrump’s Destruction of America Started With ReaganThom Hartmann

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Pretty shocking numbers if wealth being hoovered up.

Note that the UBI is supposed to address the effects of inequality — but won't. The obvious way to do this is to preempt economic rent extraction and mop up the residual by taxing it away. But that would require a shift in political power relations.

Occasional Links & Commentary
Inequality in the United States—pandemic edition
David F. Ruccio | Professor of Economics, University of Notre Dame

See also

Counterpunch
Trump’s Destruction of America Started With Reagan
Thom Hartmann

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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