Even S & P is Worried about Income Inequality

by Michael Sean Winters

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This story from earlier in the week at the Atlanta Journal Consitution merits widespread attention. Standard & Poors, not exactly a lefty think tank, has lowered its projections for U.S. economic growth on account of income inequality: The uber-rich save their money, removing it from the economy, and the rest of us have less and less to spend. 

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