Unchecked corruption deserves socialism.
Quotes:
- the 1950s. During Eisenhower’s presidency, as many have noted, the top marginal tax rate was over 90 percent.
- The people in these countries tend to be happier than Americans.
- “These countries tend to understand better where markets fail,” Admati says. “They also believe in much more transparency, which helps reduce abuse of power. Here [in America] there is a more individualistic culture and more opacity, which can breed abuses of power.”
- At least some wealthy people are concerned about what might happen if we don’t address income inequality: A group that formed in 2010, called the Patriotic Millionaires, is lobbying for higher taxes on the rich, giving the working class more political power, and other policies to reduce inequality.
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