Can We At Least Agree To Support Wealth Creation for Working Families?
Jamie, you misunderstood my post and we agree a lot more than you realize (although far from completely). I suspect everyone in this discussion supports more progressive taxes, investments in technology, increased immigration, and environmental and financial regulation. And I suspect we all agree that, at a fundamental level, efficiency and equity are not just compatible but complementary. We disagree on trade and the importance of deficit reduction (which I believe helped to allow the Fed to foster the low unemployment and strong job creation you so rightly emphasize in your post). I understand we read the evidence differently on those two. But why are you so skeptical about ideas to help moderate-income families save and create wealth? You don’t seem excited about the possibility of a win-win that transforms society, increases wealth for moderate-income families, and increases national savings. I love George Bush’s phrase about an “ownership society,” just not his policies to promote
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