Insights Blog

Policies to Reverse Inequality

June 22, 2017
Policies to Reverse Inequality Koji Yamada

Only a power and resource shift from capital to labor can reverse the entrenched trends of inequality.

In an INET blog, “Trump-Style Policies Will Deepen the ‘American Carnage,’ New School Economics Professor Emeritus Lance Taylor describes how we got into this “distributional mess” and how Trump’s proposed budget will feed, rather than starve, inequality. He also proposes policies - tax reform, targeted redistribution, and wage growth for lower income groups – that are big enough to overcome the reinforcing properties of wealth and generate broad-based economic progress.