On 12/16/2012 3:29 AM, meekerdb wrote:
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.
OK, let us implement an experiment where we set up conditions that
are equivalent to "the top marginal tax rate was 90% and the G.I. bill
was sending people through college" and see what happens. It seems to me
that you are assuming that these two factors alone where the cause of
the greater social mobility. I would like to see some proof of that claim.
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