New statistics were released last week by the U.S. Census Bureau show that the number of
Americans living in poverty has reached a 52-year high. This is the backdrop for Economist
Paul Krugman's New York Times column this week rejecting claims of "class warfare" by those who refuse to consider even the slightest increase in marginal tax rates for the wealthiest in this country. It is a well worth reading and discussing and includes a couple of significant references to the "Social Contract," which we've been discussing in our government classes for almost two weeks now.
Krugman includes this quote from from former financial regulator and
U.S. Senate Candidate Elizabeth Warren (running in Massachusetts for the seat now held by
Republican Scott Brown):
There is nobody in this country who got rich on his own. Nobody,” she declared, pointing out that the rich can only get rich thanks to the “social contract” that provides a decent, functioning society in which they can prosper.
Elizabeth Warren
Paul Krugman
I love Elizabeth Warren. And her presence in the political arena almost makes me wish I were back @ CKM so I could be a student in your class (again). Keep up the great work Jablonski!
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