Income inequality can lead to several of the seven deadly sins.  Greed is a natural in a society where some people have much and many have little.  Unequal societies are also susceptible to Envy.  A particularly equal society can  bring about Sloth, the assumption that nothing  is really worth striving for. Today, I would like… (read more)

One of the themes of last year’s Occupy protest was income inequality, focusing especially on how much wealth the top 1% of income earners controlled.  Income inequality has always been of interest in discussing what makes a fair society but economists also refer to income inequality when discussing what makes an efficient society.  An economy… (read more)