Can the Morbidly Rich EverBecome Good Citizens Again? ...Middle East

Twenty-two years ago, Nobel Prize–winning economist Paul Krugman wrote for The New York Times Magazine about the era in which he and I both grew up, when the top income tax rate on the morbidly rich ran between 74 and 90 percent. “The America I grew up in—the America of the 1950’s and 1960’s—was a middle-class society, both in reality and in feel,” he wrote. “The vast income and wealth inequalities of the Gilded Age had disappeared. Yes, of course, there was the poverty of the underclass—but the conventional wisdom of the time viewed that as a social rather than an economic problem. Yes, of course, some wealthy businessmen and heirs to large fortunes lived far better than the average America

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Can the Morbidly Rich EverBecome Good Citizens Again? ...Middle East

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