Is rising inequality reversible?(PROSPECTS)(income inequality)

NEW FIGURES CAME OUT AT THE END OF MARCH SHOWING hat income inequality in 2005 reached the highest levels since the 1920s. By coincidence, presidential hopeful Rudy Giuliani that same day declared his support for the flat tax and received the endorsement of Steve Forbes. That the current front-runner for the Republican nomination could believe it was in his political interest to call for an end to progressive taxation says a lot about how far his party has to go in recognizing one of the central economic and moral challenges of our time. Although the basic story of growing ...