How Republicans could benefit from the popularity of liberal best-sellers
A serious Republican plan for reducing income inequality
Liberals have finally cracked the nut of inequality. They've managed to write books about social justice and corporate corruption that large audiences want to read. Thomas Piketty, the French economist whose Capital in the 21st Century has sold about 40,000 copies to date, the largest haul in Harvard University Press' history, is a la mode right now. Sen. Elizabeth Warren (D-Massachusetts) is already a best-seller. And Michael Lewis' latest narrative story about how fat cats manipulate the technological neutrality of Wall Street to game the system — well, that makes three, and three is a trend.
Although health care reform redistributes resources from the wealthy and is perhaps the most significant exercise against poverty since the expansion of the Earned Income Tax Credit, the political conversation is fairly anodyne, and quickly backs up like plumbing in a tenement. Democrats have the momentum, but good laws are made when the parties are somewhat competitive in the realm of ideas. (Health reform, of course, is the purest example.)
Piketty's solutions are admirably clear: They include a 60 percent income tax on those making over $200,000, and a larger one gutting the income of those making over $500,000. Democrats tend to be more subtle, calling for slightly higher marginal income taxes and larger back end transfers to the poor. What about Republicans?
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
There are two political thresholds that need to be crossed before a politician can speak meaningfully about inequality. First, he or she needs to believe that it is a problem. Many Republicans do not. Alternatively, many put "income inequality" in scare quotes, like it is a monster dreamt up by the Center for American Progress. The second threshold is perceiving that it's enough of a problem to want to actually address it. Republicans who say that the best or only way to address income inequality is to cut taxes on the rich while balancing the budget by cutting spending on poverty programs haven't quite made it beyond the threshold. At this stage, income inequality seems like a non-white-people problem, which it isn't, but suffice it to say that it hasn't made these politicians uncomfortable enough yet.
If you want to be bold, then, now's your time. Being bold doesn't mean being dumb. No "9-9-9" solutions. The flat tax is not going to pass Congress anytime soon. Taking the focus off of welfare programs that disproportionately benefit minorities might be a good place to start. Another point of departure: recognizing that the system is inherently unequal. Republicans who notice this tend to be run out of the party. The budget proposal of Rep. Dave Camp (R-Michigan) includes an excise tax on Wall Street wealth. That's brave — symbolic, generally, but brave. For his courage, his budget was urinated on and he decided to retire.
I do think the media holds conservatives to a different standard on this issue, and I might even think that it's right for them to do so. That's why any Republican who wants to be taken seriously has to play the game differently. Nothing attracts attention like political apostasy, and there is plenty of room for Republicans to hold their own benefactors to account while not undermining their own principles. There really is. Who is brave enough to be the Dave Camp who succeeds?
Point one: Urge a "whole-of-government" approach to reducing income inequality. Every institutional actor, from the Federal Reserve board to the Federal Executive Boards, need to examine how the effects of the policies they implement change the coefficient of inequality.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Point two: Endorse the minimum wage, and, importantly, associate yourself with the movement that leads to its near-universal adoption. Don't simply talk about it and let Democrats pass it. Build a coalition yourself.
Point three: Embrace these ideas: reform medical intellectual property laws; get rid of ridiculously restrictive zoning laws; bust up business cartels at the local levels; allow foreign licensing standards for certain professions; lower the barrier to entry for others.
When 2016 comes around, who will be the Republican who breaks the mold? Will any of them?
Marc Ambinder is TheWeek.com's editor-at-large. He is the author, with D.B. Grady, of The Command and Deep State: Inside the Government Secrecy Industry. Marc is also a contributing editor for The Atlantic and GQ. Formerly, he served as White House correspondent for National Journal, chief political consultant for CBS News, and politics editor at The Atlantic. Marc is a 2001 graduate of Harvard. He is married to Michael Park, a corporate strategy consultant, and lives in Los Angeles.
-
Why ghost guns are so easy to make — and so dangerous
The Explainer Untraceable, DIY firearms are a growing public health and safety hazard
By David Faris Published
-
The Week contest: Swift stimulus
Puzzles and Quizzes
By The Week US Published
-
'It's hard to resist a sweet deal on a good car'
Instant Opinion Opinion, comment and editorials of the day
By Justin Klawans, The Week US Published
-
US election: who the billionaires are backing
The Explainer More have endorsed Kamala Harris than Donald Trump, but among the 'ultra-rich' the split is more even
By Harriet Marsden, The Week UK Published
-
US election: where things stand with one week to go
The Explainer Harris' lead in the polls has been narrowing in Trump's favour, but her campaign remains 'cautiously optimistic'
By Harriet Marsden, The Week UK Published
-
Is Trump okay?
Today's Big Question Former president's mental fitness and alleged cognitive decline firmly back in the spotlight after 'bizarre' town hall event
By Harriet Marsden, The Week UK Published
-
The life and times of Kamala Harris
The Explainer The vice-president is narrowly leading the race to become the next US president. How did she get to where she is now?
By The Week UK Published
-
Will 'weirdly civil' VP debate move dial in US election?
Today's Big Question 'Diametrically opposed' candidates showed 'a lot of commonality' on some issues, but offered competing visions for America's future and democracy
By Harriet Marsden, The Week UK Published
-
1 of 6 'Trump Train' drivers liable in Biden bus blockade
Speed Read Only one of the accused was found liable in the case concerning the deliberate slowing of a 2020 Biden campaign bus
By Peter Weber, The Week US Published
-
How could J.D. Vance impact the special relationship?
Today's Big Question Trump's hawkish pick for VP said UK is the first 'truly Islamist country' with a nuclear weapon
By Harriet Marsden, The Week UK Published
-
Biden, Trump urge calm after assassination attempt
Speed Reads A 20-year-old gunman grazed Trump's ear and fatally shot a rally attendee on Saturday
By Peter Weber, The Week US Published