Week 2 Notes
Week 2 Notes POLS 3020
Popular in Domestic American Policy
Popular in Political Science
This 1 page Class Notes was uploaded by Andrew Chicotel on Sunday September 6, 2015. The Class Notes belongs to POLS 3020 at Bowling Green State University taught by Tim Newman in Fall 2015. Since its upload, it has received 68 views. For similar materials see Domestic American Policy in Political Science at Bowling Green State University.
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Date Created: 09/06/15
Week 2 Wealth and Inequality US wages have plunged to the lowest GDP in history while production is at a record high Corporate pro ts are high and they39re using almost half of their pro ts to buy their own stock and in ate its price increasing executive salary Why Trickledown economics doesn39t work executives don39t spend their money productively on products or services but instead betting on wall street Financialization the wealth in society being spent on quick return investmentsstocks bonds hedge funds rather than productive activity This does not create jobs Winner take all politics Dividend share of company39s pro ts given to stockholders Payroll tax social security medicare The money taken directly out of payroll Austerity putting pressure on government to restrain spending Thomas Pinketty39s oligarchic evolution wealth grows at a faster rate than income Skill based technology transfer
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