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That growing skew between rich and poor Americans is due to a combination of American government policies and American attitudes. As for government policies, “redistribution” in the U.S.—i.e., government policies that in effect transfer money from richer to poorer people—is lower than in other major democracies. For instance, income tax rates, and social transfers and spending such as vouchers and subsidies for low-income people, are relatively low in the U.S. compared to most other major democracies. Part of the explanation is the belief, more widespread in the U.S. than in other countries, ...more
Upheaval: Turning Points for Nations in Crisis
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