He is right that there needs to be a fairer system of wealth distribution but having the government act as Robin Hood is not the answer. A much better solution would be for Employers to be required to distribute a mandatory portion of their profits back to their employees. This could be distributed any number of ways(pct of salary/service years etc..) Gets get a fairer system for the wealth that is generated by individuals not a new tax system.
He is right that there needs to be a fairer system of wealth distribution but having the government act as Robin Hood is not the answer. A much better solution would be for Employers to be required to distribute a mandatory portion of their profits back to their employees. This could be distributed any number of ways(pct of salary/service years etc..) Gets get a fairer system for the wealth that is generated by individuals not a new tax system.
smithh3 1 year ago
Robert Shiller is absolutely right.
If we don't do anything about the growing income gap, there will be a social warfare or revolution.
In S. Korea, there were several incidents of vandalism on expensive cars. Can't anyone see what is going on???
candoyja 1 year ago
This guy is always so interesting. When was this interview?
Jindy2 1 year ago