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Those on the downside of rising economic inequality generally do not want government policies that look like handouts. They typically do not want the government to make the tax system more progressive, to impose punishing taxes on the rich, in order to give the money to them. Redistribution feels demeaning. It feels like being labeled a failure.
Robert J. Shiller
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"Those on the downside of rising economic inequality generally do not want government policies that look like handouts. They typically do not want the government to make the tax system more progressive, to impose punishing taxes on the rich, in order to give the money to them. Redistribution feels demeaning. It feels like being labeled a failure."
— Robert J. Shiller #moneywealth #politicsgovernment

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Those on the downside of rising economic inequality generally do not want government policies that look like handouts. They typically do not want the government to make the tax system more progressive, to impose punishing taxes on the rich, in order to give the money to them. Redistribution feels demeaning. It feels like being labeled a failure. — Robert J. Shiller

About Robert J. Shiller

Robert J. Shiller was a Economist from United States (1946–present).

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Frequently Asked Questions

Who said "Those on the downside of rising economic inequality generally do not want gover…"?
This quote is attributed to Robert J. Shiller, a Economist from United States.
When did Robert J. Shiller live?
Robert J. Shiller lived from 1946 – present.
What is this quote about?
This quote touches on Money & Wealth, Politics & Government. Browse more quotes on these themes from the categories page.