The Myth of American Living

Published on
by
Town Square

The Myth of American Living

There is a belief that Americans got into economic turmoil because of living beyond their means. Robert Reich (Professor of Public Policy at UC Berkeley, and former Labor Secretary) explains why this a myth, that most Americans do not live beyond their means and that their "means" have not kept up with the economy. Where has the wealth accumulated and why aren't the top of the top being surtaxed while average-earning and the poor shoulder the burden?