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Should We Really Care About Inequality?

Videos Apr 18, 2018 Jason Furman

The view that inequality hurts economic growth is gaining currency among policymakers. But those guiding an economy should focus on assessing outcomes and modes of distribution rather than on a puzzle that will never fully be solved.

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Enrique Woll Battistini Apr 23, 2018

Extreme, and even simply visible inequality, however stable or variable, is indeed the most threatening problem facing humanity today, and will likely remain one even if and when it is finally tamed, and reduced, unless harnessed, and constructively exploited, for the common good, given that due to its different but obvious degrees of unfairness and material and emotional impact, as the case may be, penetrating of all social goals and aspirations, it will always constitute a negative motivational value, capable of dangerously inflaming the affected layers of society, when perceived as fixed and immutable, which will likely always be the case for a significant minority of the have nots, much like the common star gazer of all times has perceived them.

That the "Recent stock market sell-off foreshadows a new Great Recession" in the U.S. as foreseen by professors Steven Pressman of Colorado State University and Robert H. Scott III of Monmouth University in their article of March 19, 2018 in THE CONVERSATION, may very well be. The question is, what can be done to prevent it, or to stem it, where, how, and on what scale? In my view, the world can no longer solve its most pressing problems -threatening anthropogenic climate disruption and global warming and universal income polarization with extreme inequality- on a piecemeal, national, and country by country basis, when the world's real economies -the U.S., China, the EU, and Russia- are globalized. Clearly, acceleration of socioeconomic inclusion and concerted investment for development to make it possible must be envisioned and constructed on a global scale without further delay. At the crux of world peace, and planetary rescue, would be tax reform, via Sole Consumption Tax (SCT), that would enable eradication of absolute extreme poverty and relative extreme poverty, through regular income redistribution ensuring the attainment of autonomous survival with increasing welfare potential for the poorest, that would irreversibly approach that of the richest, voluntary population stabilization, voluntary production and consumption stabilization, and carbon emissions stabilization.

http://www.academia.edu/35598052/Rudderless_Leadership_and_the_Potentially_Explosive_Problem_of_Inequality_-_2017121701

https://www.academia.edu/36348091/THE_CONVERSATION_-_Recent_stock_market_sell-off_foreshadows_a_new_Great_Recession_-_My_opinion_-_2018031901
- Enrique Woll Battistini Apr 23, 2018
  
  All socioeconomic indices, both macro and micro or per-capita, are, or should be, important determinants of socioeconomic policies, but, clearly, per-capita indices, such as average income, consumption, education, health, inequality, happiness, life expectancy, and similar, and their extremes in specific populations should be critical inputs in the formulation of such policies, especially tax policy, if they are to achieve monotonically increasing growth to enable eradication of absolute extreme poverty and relative extreme poverty, through regular income redistribution ensuring the attainment of autonomous survival with increasing welfare potential for the poorest, that would irreversibly approach that of the richest, voluntary population stabilization, voluntary production and consumption stabilization, and carbon emissions stabilization.
  
  The world the baby boomer generation's grandparents knew as children has been obliterated by a century of recurring monstrous wars, concurrent with exponentially increasing revolutionary scientific and technological discoveries and inventions, and massive economic, social, political, and legal changes which for many signify development. These changes have occurred in a stark and pervasive moral and ethical vacuum, in the context of unconscionable, unsustainable, and monotonically increasing welfare disparities between the rich and the poor. The world as we know it now is at the historical fork between the threshold of recovery and the brink of a new conflagration, indeed at a very promising and very threatening tipping point, and begging for drastic global financial, economic, and social redress, which only the most comprehensive multilateral and national governance reforms that would redefine the social contracts in the East and the West, the North and the South, and between them, could satisfy. Some of the more evident issues in need of holistic attention are addressed herein.
  
  https://www.academia.edu/23946856/Facebook_-_Staving_off_the_impending_effects_of_unemployment_through_increased_consumption_2013031903
  
  https://www.academia.edu/23094646/OFA_-_At_the_Brink_of_Recovery_or_Conflagration_The_World_at_a_Tipping_Point_2011111506
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nigel southway Apr 19, 2018

The video was bad... better in a formal paper.
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Should We Really Care About Inequality?

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