Intelligence Squared debate: Is it time to redistribute wealth?
John Donvan moderates an Intelligence Squared debate:
Economic inequality has become a linchpin of modern politics. As nations around the world face a reckoning on racial and social justice and work to combat the economic impacts of the pandemic, we ask: Is it time to redistribute the wealth? Should we address growing inequality by overhauling our tax system, expanding our social safety nets and investing more in public initiatives like universal health care, education and infrastructure? Or would a wealth transfer unduly punish the economic elite, destroy the promise of a meritocracy and inevitably lead to excessive government intervention in our social and economic lives?
Motion: It's time to redistribute wealth.
For the motion:
Robert Reich, former U.S. Secretary of Labor.
Yanis Varoufakis, former finance minister of Greece.
Against the motion:
Allison Schrager, senior fellow at Manhattan Institute.
Lawrence Summers, former U.S. Secretary of the Treasury
Use the audio player above to listen to the program.
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