Tyler Cowen: The inequality that matters

20. Dezember 2010 Does growing wealth and income inequality in the United States presage the downfall of the American republic? Will we evolve into a new Gilded Age plutocracy, irrevocably split between the competing interests of rich and poor? Or is growing inequality a mere bump in the road, a statistical blip along the path to greater wealth for virtually every American? Or is income inequality partially desirable, reflecting the greater productivity of society’s stars? Income inequality will likely continue to rise and we will search in vain for the appropriate political remedies for our underlying problems. The Opinion