S23 E2: The Equality Trap (Ben Ansell)
The Next Big Idea Daily
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The Equality Trap: America's Unfair Politics
In the 1970s, America's richest 1% of earners brought in 11% of national income. By 2014, that had doubled to 20%. Why wasn't there a successful political backlash to skyrocketing inequality? "No matter how wealthy the 1% are, it should be impossible for them to defeat the bottom 50% in a democratic election," he says.
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