Lynn Parramore interviews James K. Boyce, professor of economics at the University of Massachusetts, Amherst, who directs the environment program of the Political Economy Research Institute, where his research focuses on the effects of inequalities of wealth and power and the dynamics of conflict.
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New Research Shows Pollution Inequality in America is Even Worse Than Income InequalityLynn Stuart Parramore | AlterNet senior editor
I have said several times the biggest share of inflation creation comes from the wealthy, this is a proxy measure of it and it clearly demonstrates it.
ReplyDeleteWasn't it for that additional headline inflation created by the wealthy there would be more fiscal and monetary space for expansion and demand creation for the lower 90% of the population.
This is an obvious leech than is more grave than financial leeches because it's an actual tax that taxes policy space for the rest of the population, not to say the environmental problems it creates.
No question that the poor suffer from extreme pollution from enterprises that can't be shut down due to jobs jobs jobs. Check out the Ford Rouge plant. Try driving over the very long I-75 bridge near the plant without gagging on the air.
ReplyDelete