The Inequality Choice

I think slowly and marginally, with lots of small policy changes, something I try to reiterate is that we choose inequality on the margin. That's been a truly breathtaking transfer of income and wealth at the top. Our economy's economic growth overall is clipped by inequality. We are making a worse version of economic strength when we don't include more people in it. You can do that from a cold-hearted calculation of 70% of the US economy is the consumption of households. It's not about splitting up the pie - it's about making a bigger pie.