Stiglitz sets the table for a "tax fight" for the 2016 election
(My views on a "tax fight" here.) Stiglitz writes a disappointing and analytically flaccid article for Politico here. You can read it for yourself, and decide whether the political purpose is as I think it is; here, I'm going to confine myself to listing the sloppy phrases Stiglitiz uses; sloppy despite -- or rather, because -- they have currency among the career "progressives" in the political class.
- "the problem of inequality"
- "the top 1 percent"
- "the American dream"
- "credit, the lifeblood of the economy"
- "by the 1 percent, by the bankers"
- "a vibrant middle class"
None of these phrases are serious. Stiglitz also seems to believe that capital is a thing, not a social relation, and that "capital" and "the rich" are different categories. But "Soylent Green is people."
Very disappointing pablum. This won't end well.