How to Fix the Wealth Gap Without Killing America’s Dynamism: Mark Dow

I think he meant to say "income disparity." Capitalist should be prevented from putting their costs off on the taxpayers.

Here's one way to change wall street and change the way people invest in america. Increase the short term capital gains tax to 50% and reduce the long term capital gain to 5%

Cmon, nobody wants this well thought out reasonable expectation setting view. We want more of the extreme political spewing reality show.

Unions across the board is Communism and has already been tried.
Everyone speaks of taxes and wealth redistribution (equialization) as if it is some inherent right and core function of government... it is not!!! Equal opportunity to pursue happiness and success is not the same as government confiscation and redistribution.
The greatest abusers of wealth are located inside the DC Beltway....

The only thing that was not included is how much the cost of living has increased.
A $10,000 yearly salary in 1979 was equivalent to $28,559.50 in 2007 when adjusted according to the Consumer Price Index. (CPI calculator, Bureau of Labor Statistics).

Put in another way, if a person earned $28,559 in 2007 income didn't grow at all over 28 years. It just kept pace with inflation.

Funny how these economic experts often rebut so much of the scare tactics and political propaganda. We just need smart policy that promotes business investment, a fair progressive tax system like the guy says to help balance our budget, spending cuts to welfare programs, and more investment in education for American students to become engineers, doctors, and scientists. All these ideas are, unfortunately, too common sense and centralist to ever be enacted...

As Judge Smails said to Danny Noonan in Caddyshack, "Danny, the world needs plenty of ditch diggers too."

don't allow the lobby in any government office.

Tea partiers and Republicans love to talk about "wealth redistribution" as though it's somehow an evil thing. What do you think has been going on for the past thirty years? Because of the huge income tax cuts for the very wealthy, that Reagan and Bush pushed through, an enormous amount of wealth has been redistributed from the lower and middle classes to the super wealthy. It is time for that wealth redistribution to be reversed. Top income tax rates must be raised now! I'm a firm believer in capitalism, but capitalism must have limits or all the wealth ends up in the hands of a very few billionaires. Those limits come in the form of a progressive tax structure, like we had in place from the 1940's through the 1970's, resulting in a much fairer, and more sustainable wealth distribution. Another bit of lunacy, constantly repeated by the right is "raising taxes on the rich will kill job creation". Think about it people. If cutting taxes on the rich created jobs, we'd be drowning in jobs now! The truth is, CUTTING TAXES ON THE RICH HAS DESTROYED MILLIONS OF JOBS. It's easy to understand why this happens. When you cut income taxes on the super wealthy, they end up with a lot more wealth, and those in the middle and on the botom rungs end up with a lot less. The problem with this scenario (which is exactly where we are right now), is that while the middle and lower classes spend almost all of their wealth, when the rich get richer, big chunk of that extra wealth gets parked in bank accounts or investments, effectively taking it out of circulation. Ask any businessman what will cause him to hire more employees and he will tell you, "MORE DEMAND for the products or services my company offers". When the lower and middle classes are spending their wealth, demand goes up. When the super wealthy park their extra wealth in bank accounts or investment accounts, demand goes down. It really is not that complicated. People need to stop regurgitating the nonsense that they are being fed by the Limbaughs and Becks, and START THINKING FOR THEMSELVES. INCOME TAX RATES ON THE SUPER WEALTHY MUST BE RAISED NOW!

Take care of yourself so the rest of us won’t have to.

"Fix"...yup that will work....like they "fixed" the economy last time

Dispite what your parents or sunday school teachers told you, everyone is not equal.

They want to sell there products in the u.s. and want to do business here and inflate prices. Then pay a fair amt.

Taxing the wealth is the only thing that will work. Note I say tax the WEALTH and not the income.

yet someone is looking for a consistent theme of the 'occupy' movement,there it is in the congressional budget office report,that is income inequalities.Upward mobility is only limited to 1%,by definition of top 1%,by definition of bottom 99% the only mobility is flat,sidewise or sideways,and downwards.

I believe it was Justice Brandeis who said: "You can have an aristocracy or a democracy, but you cannot have both." There must be equity of opportunity if people are to invest their energy and interest in the political process.

Dow makes the same mistake that most people make when they discuss income inequalities over time -- he assumes that the top 1% in year 1 are the same people as the top 1% in year 10 and year 20. They aren't. There is significant movement among income groups. You might be in the top 1% in one year because you sold your house or cashed in some stocks you have been holding for years. The next year, you might be in the bottom 50%. It is a fallacy to think in terms of statistical categories, rather than human beings. Read Thomas Sowell's book "Economic Facts and Fallacies," in which he identifies and discusses this fallacy.

Move to a socialist or communist country and experience it. Stay there 3 yrs(if you can survive it). Then think over your comments,..... you may surprise yourself...... uhhh then again...maybe not..ah...... better yet...go work for say.... Fidel or Hugo..... then.... think again.. YOU MAY NOT SURPRISE self , next time arround

Unions across the board that is the only way.

Stones ROCK!!!!