Those who defend extreme inequality by arguing against complete equality are trying to divert our attention from the questions that matter. The New York Times has just handed us another prime example.
We are all today living in an epoch of epic squandering, not by government, but by the global ultra rich.
Our world’s billionaires don’t merit either their many billions, the Boston-based Oxfam economist Didier Jacobs suggests, or the right to claim we’re all somehow living in a ‘meritocracy.’
In any society where great stashes of wealth amass at the top, philosopher Elizabeth Anderson reminds us, the wealthy will sooner or later come to see most of the rest of us as failures.
The right’s favorite rationale for lowering the taxes rich people pay can make sense, but only if you believe that fairness demands taxing the first dollar of a person’s income at the same rate as the billionth.