But I do read Paul Krugman, Nobel Prize winning economist and solid thinker. So when he recommended that a recent speech by the President on income inequality was note worthy I looked for it. It turned out to be very good.
I am worried about income inequality. I believe the chasm of hope it creates between two peoples who occupy the same country is dangerous. This speech lays out where we are and a little about what we need to do. Nothing will change until a major event requires power to shift. And I'm afraid that will be near revolution in its impact and destruction. The combination of Fear (that a family's children won't succeed) and Envy (that other children's prosperity will be unfairly earned,) is a powerful force for upheaval in a society.
I'm sure others have studied this trajectory and know a lot more than me about the outcomes and risk. I'm just an observer. But I don't like what I see and it makes me afraid.
