Income Inequality Is About the Rise of the 1 Percent

Zachary Goldfarb wrote an interesting piece on President Obama’scommitment to fight rising economic inequality as president. Lots of it rings true—the president has indeed expressed concerns about rising inequality and many of his policy initiatives (particularly the coverage expansion included in health reform) will indeed do much to ensure that rising inequality no longer provides as daunting a barrier to low– and middle-income households’ living standards growth.

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