There can be no doubt that inequality in the United States – thewealth of the wealthy as compared to the average income of the averagecitizen of the United States – has increased spectacularly since the1970s.  What does Professor Kane believe to be the main causes of this? What do you believe to be the main causes of this?

QUESTION 2:

Do you believe the rise of globalization and increased inequality inthe United States have created a stable environment for democracy andliberty to thrive?  Why or why not?

QUESTION 3:

Watch the Harvard Inequality Study video linked to in the InequalityLecture Notes and discussed in a Professor Kane Lecture Video onInequality.  How is the average American misunderstanding inequality inthe United States?  What does the average American believe would be theideal income and distribution of wealth structure in the United States? What do you believe would be the ideal income and distribution ofwealth structure in the United States?  How does the actual currentincome and distribution of wealth structure in the United States compareto your ideal?

https://www.youtube.com/watch?v=0t9-HbnEnBU

QUESTION 4:

In Lecture Videos, Professor Kane asserts that too much equality canwreck a market-based economy as there is little incentive to work hard,be innovative, and be productive.  In Lecture Videos Professor Kane alsoasserts that too much inequalitycan cause there to be little incentive to work hard, to be innovative,and to be productive thereby leading to a collapsing economy.  How so? Which of these two processes, if either, can be seen at work in theAmerican economy today?