The Economist View: Robert Shiller: ‘Better Insurance Against Inequality’

Source:The New Democrat 

I could blog about indexing taxation of income for the wealthy in a couple of ways. One would discuss the fact that it would never pass this Congress, especially with a Republican House. Also, vulnerable Senate Democrats up for reelection in red states don’t want to talk about tax increases in an election year. They want to get reelected and keep the Senate in Democratic control.

This proposal will never become law but, just for the hell of it, we can talk about why its not good policy, which is yet another reason why it won’t become law. The idea that taxes on certain people could go up automatically without specific congressional or executive branch action is undemocratic. Money is power and the government should not rule that some people should have less of it without due process and complete transparency.

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About Erik Schneider

I use the American Liberal photo as the cover photo for this blog, because that’s exactly what I am. And no, not in the stereotypical, sort of pop culture sense of what an American Liberal is supposed to be. But someone who represents what American liberalism, as well as European liberalism, and perhaps the liberalism of the rest of the world outside of the United States. Liberals are people who believe in defense of liberal democracy, as well as the preservation of liberal democracy. And of course we also believe in liberal democracy with all the individual rights, and other liberal values that come from liberal democracy, the liberal democratic form of government, like equal opportunity, equal rights, equal justice, property rights, individual freedom and freedom of choice for everybody, as well as limited but responsible government, and fiscal responsibility
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