Paul Krugman is a famous economist who won the Nobel Prize for Economics.
The book promotes narrowing the gap between the rich and poor class.
The book is all about REPUBLICAN PARTY BASHING. In a society like ours, we have
the rich, the poor, and everyone in the middle. The narrower the income gap is, the
society as a whole is more stable. But what are the forces needed to keep this gap narrow
as possible? This is where government comes in. The government has the power to
narrow this gap, or let it widen as much as the free market wants it to.
The book looks at union organization and welfare history in the US. Since the 70s,
unions got harder to organize and the amount of money put in welfare decreased.
Following this was the increase in income gap. The Obama administration is setting
policies to increase welfare, and campaigning for a strong union organization. These
policies are in-sync with Dr. Krugman’s research.
I believe a society AS A WHOLE must develop and grow. We’ve seen amazing
developments over the past few decades. But were we marching on forward together?
I do not believe this is the case. The richest in the nation were getting obese, fat, and
stuffed while the poorest had to get their second job, or maybe third job. I admire
those who work three jobs, just to get food on the table. However, I’m disgusted about
the situation. Nobody should be working three jobs, just to get food on the table. So
what is an indication of my opinion? The minimum wage in this country does not
increase that much compared to the economy. I’m not sure about the idea of putting
an income gap on the rich, but I do believe we have to increase the minimum wage.
My philosophy is that, if the country is getting wealthier, the people of the
country needs to get wealthier at the same time.
Republicans were destroying unions, and welfare for too long.
Now is the time for a new change!