Washington Post editorial on "What Government Can do About the Income Gap"

This is an entire "Editorial Board Opinion", so you know it's truly coming down from on high.

And it's almost incomprehensible (which is a surprise, since most WaPo editorials have some sense to them). hit the link, it's only seven paragraphs long.

THERE’S NOTHING NEW, alas, about the increasing gap between rich and poor in America, where the share of national income, including capital gains, claimed by the top 0.1 percent of earners rose from 2.5 percent in 1975 to 10.4 percent in 2008. Still, the details never cease to amaze. In a recent Post report, Peter Whoriskey documented the fact that the average executive’s annual pay has roughly quadrupled since the early 1970s, while average wage income has crept up only 26 percent. No one who cares about the social cohesion of a society premised on the idea that all men and women are created equal can view such statistics indifferently.

The question, though, is what to do about it. Some of the growing income disparity results from long-term social changes or market forces that are either inherently benign or practically irreversible. The statistics partly reflect the spiraling rewards to superstar talent in entertainment and sports. The golden age of U.S. income equality — from World War II to the 1973 Middle East oil embargo — stands out as an exceptional time when American wage workers were still mostly shielded from Asian and European competition.

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This is an entire Editorial Board Opinion, so you know it's truly coming down from on high. And it's almost incomprehensible (which is a surprise, since most WaPo editorials have some sense to them). hit the link, it's only seven...