Wednesday, October 18, 2017

How to fix income inequality in the US? Math has the answer

"According to a new report published today by the New England Complex Systems Institute, mathematics can indeed be used to find a solution to income inequality. And as it turns out, the math points to targeted programs that redistribute wealth to the poor as the way to close the inequality gap and improve the health of the economy as a whole.
'We need a very measured, but definite shift in direction that will address the economic problems and also address economic inequality problems,' Yaneer Bar-Yam, a physicist and the founding president of the New England Complex Systems Institute, told me. 'We went too far with Reaganomics and now we have to go back in order to have healthy economic growth.'"

Another point for universal basic income?

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