----- Original Message ----- From: "John D. Giorgis" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Tuesday, June 24, 2003 8:30 PM Subject: Why the 80's Were Better for the Poor than the 90's
> The comparative benefits of the economies of the 80's and 90's has been > widely discussed on this List. This slate.com article covers a new paper > from the Federal Reserve which suggests that income mobility decreased from > the '80s to the '90's. > > http://slate.msn.com/id/2084816/ > > "Keep in mind that inequality rose and mobility decreased in the 1990s, > when taxes were raised on the wealthiest." Of course, this is exactly > what conservatives would predict happens when you raise taxes on the > rich.... Somehow the author of this Slate article manages to neglect an > obvious possible conclusion here (not that his conclusion is necessary > wrong - just that the neglect of a very obvious possible conclusion is a > serious flaw in the article.) What would your prediction for the difference in income mobility between the US and a high tax/high benefit country would be? If the conservative view were true, income mobility in the US should be a lot higher than in Scandinavian countries, right? Also, what time period do you think had better economic growth for the US: '47-'73 or '73-'94? Dan M. _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
