“Obama’s proposals are not strong enough, per se, to undo the very large inequality increase the U.S. has experienced since the 1970s, particularly when it comes to the incomes at the very top. To really make a dent, you would need to consider more radical policies.”
– Emmanuel Saez, University of California at Berkeley economist, in the Washington Post.
At the rate we’re going, with the partisan bitchery in Congress, it’ll take a few eons before economic conditions even out. But hey – maybe the Mayan apocalypse will sort it all out for us before then!