From The Economist, America’s income inequality is growing again — time to cut subsidies to the rich and invest in the young; and the American Dream, RIP? A review of Average Is Over: Powering America Beyond the Age of the Great Stagnation by Tyler Cowen. Meet the Flexians: A new professional class of movers and shakers — people who serve overlapping roles in government, business, and media with smiling finesse — is controlling the flow of power and money in America; anthropologist Janine Wedel is bent on making us understand just how dangerous this new normal can be. Zachary R. Mider on how Wal-Mart’s Waltons maintain their billionaire fortune. David Cay Johnston on how billionaires get around the estate tax. When and why America’s rich protest: David Cay Johnston reviews Rich People’s Movements: Grassroots Campaigns to Untax the One Percent by Isaac William Martin. What's an acceptable ratio of CEO pay to worker pay? Derek Thompson on the simplest income inequality policy: Raising taxes on investment income. Just how wrong is conventional wisdom about government fraud? Entitlement programs, from food stamps to Medicare, don't see unusually high cheating rates — and the culprits are usually managers and executives, not "welfare queens". Sarang Shah on corporate socialism: Soviet-style central planning is alive and well in corporate America.
