social opportunity is on the run too. in early december, businessweek noted that significant social mobility had dropped by two thirds from 1978. the nation poses the question if you wanted to create a caste society how would you go about it… One thing you would definitely do is get rid of the estate tax, so that large fortunes can be passed on to the next generation. More broadly, you would seek to reduce tax rates both on corporate profits and on unearned income such as dividends and capital gains, so that those with large accumulated or inherited wealth could…
Leave a Comment