http://cptv.vo.llnwd.net/o2/ypmwebcontent/Catie/Where%20We%20Live%2001-30-2012.mp3
The November elections are shaping up to be largely about the issue of income inequality.
That’s especially if multi-millionaire investor Mitt Romney gets the Republican nomination - which seems increasingly likely. News of Romney’s tax rate - around 14% - coupled with outspoken statements from other uber-wealthy investors like Warren Buffett - who think they really should be paying more in taxes than those who work for them - have set up this battle.
Some call it class warfare - but authors of an IMF report say it might just be a fight over America’s economic future. They show that inequality hinders long-term economic growth.
Then, there’s the question of Washington’s role in the growing inequality. When the typical member of congress is worth 9 times more than the typical voter, it can be asked - “are they really in tune with the problem?”
Join the conversation with Yale political scientist Jacob Hacker.