This is an excellent informative brief article that shows the parallels between taxation, politics, and prosperity.

Robert Reich and the fight against inequality: Olive

“Sustained and growing prosperity for everyone in a society depends on government investment in people — in education, health care, infrastructure and basic R&D,” says Robert Reich. “That’s what creates first-class human and other essential assets.”
 

The renowned economist and counsellor to four U.S. presidents was in Toronto to give Thursday’s keynote address at the annual meeting of the Broadbent Institute, a progressive think tank largely focused on the crisis of income inequality.
 

Repudiate that formula, Reich, 68, said in an interview with The Star, as the U.S. and to a lesser extent Canada have done in the past three decades, “and you won’t have a general population able to drive consumer spending and growing affluence for all, the richest included. It just can’t be done.”

The widening gap between rich and poor is a worldwide crisis. The richest 1 per cent of the world’s population — equal to the population of France — controls almost half the world’s wealth, or 48 per cent.

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