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OCT 21, 2019

Equitable Growth CEO Talks All Things Economic Inequality in Recent Reddit “Ask Me Anything” series

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Abstract

The Washington Center for Equitable Growth President and CEO Heather Boushey earlier this month answered questions (opens in a new tab) from across the world on economic inequality via the social networking platform Reddit as part of the “Ask Me Anything” series.

In her new book, Unbound: How Inequality Constricts Our Economy and What We Can Do About It, Boushey presents cutting-edge knowledge with journalistic verve, showing how inequality in the United States has become a drag on growth and an impediment to free market efficiency. She argues that policymakers can preserve the best of our economic and political traditions, and improve on them, by pursuing policies that reduce inequality and boost growth.

Boushey took questions for two hours on all things related to inequality, including the prospect of a wealth tax, the role of the Federal Reserve in warding off the next recession, addressing racial disparities in income and wealth, and more. Read more highlights of that discussion below.

Inequality is both a social and economic problem

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Inequality obstructs, subverts, and distorts the processes that lead to widespread improved economic well-being

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A menu of tax policies exist to tackle U.S. income and wealth inequality

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Monopoly power exacerbates inequality

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Those at the top hoard the best opportunities, thwarting the mobility of others

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