On 12/15/2012 9:43 PM, Stephen P. King wrote:
On 12/15/2012 5:51 PM, Craig Weinberg wrote:
If you have a group of people getting rich while other people are in bondage to them
and stay poor, that presents a problem for social mobility - which is being realized
now as the US has fallen beneath several other countries in social mobility.
OK, we need a theory of social mobility that makes accurate predictions. Got one?
Could we say that the fact that the US has fallen in its measure of social mobility tell
us something about the failure of some current policies or combination as having some
causal effect of that fall in ranking?
Sure. Two obvious ones. Reducing income and estate taxes and making students pay more for
higher education. When economic mobility was greatest the top marginal tax rate was 90%
and the G.I. bill was sending people through college.
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