The gap between rich and poor has been growing fast. The Bush tax cuts give $20 a year to the bottom fifth of wage earners and $118,000 to millionaires. President Obama’s stimulus package already passed and signed into law provides tax credits for 95 percent of American workers. The Obama budget says wealth is not “trickling down” and that raising taxes on the top three million families will help “economic opportunity to trickle up.” Republicans call that “class warfare.” We hear a debate and look at other factors that cause economic dislocation, including technology, changes in the work force and increased anxiety.
Income Redistribution: Basic Fairness or 'Class Warfare?'
Roberton 'Bob' Williams - Tax Policy Center, Amity Shlaes - Calvin Coolidge Presidential Foundation - @AmityShlaes, Daniel Gross - Strategy + Business - @grossdm, Dalton Conley - Chairman of the Sociology Department, New York University