Guest Blog by Mafruza Khan: Inequality, Taxes and Sustainable Development - What do Bill Gates, Warren Buffet, Paul Tudor Jones and Regular Americans Support?
By Mafruza Khan In a statement this past summer, Amtrak executive S tephen Gardner told New Jersey legislators that frequent train problems stranding commuters may "become the norm" because of the age and condition of the rail infrastructure. "When you have assets of this age, under this level of service and stress it’s not feasible really to imagine that you’re going to get perfect performance." Studies have consistently shown countries with high inequality tend to invest less in public goods, such as infrastructure, technology, and education, which contribute to long-term economic prosperity and growth and that high income and wealth inequality are strongly related to lower social mobility and social cohesion. Economist and Nobel laureate Joseph Stiglitz argues, “Full equality is not the goal. Some economic inequalities may be conducive to economic growth. Other inequalities may not be worth addressing because doing so infringes on cherished l...