Joseph Stiglitz, yet another Nobel Prize winner in economics who has forsaken economic analysis, writes in the (What else?) New York Times that our real
problem is "inequality," and if there were no inequality, we would be
in a robust recovery. Thus, I have an idea: Since Stiglitz probably
makes more than a million dollars a year, why not tax him (and Paul
Krugman, who also makes millions a year) at 100 percent? That will
lessen inequality a bit and also would allow Krugman and Stiglitz to
live the examples they demand for others.
By LRC
By LRC