Income Inequality May Take Toll on Growth - 1 views
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Rea S. Hederman, an economist at the right-of-center Heritage Foundation, a Washington research group, said that "the problem is that the policies that encourage growth also encourage inequality," citing the preferential tax rates for investment income as an example. "That means redistributing income is going to restrict growth." This article talks about many different things. It talks about how the United States might be heading into a cycle, starting with a depression and then the government rises and falls repeatedly. It also talks about how when they government encourages overall growth, they encourage inequality with it. The inequality needs to be fixed first, so that the economy can grow overall, as the article states.