Re: Is the income gap growing?

There’s no doubt that there has become a growing concern about the income disparity in the United States. CEOs are making incomes than ever before, and the gap between what CEOs are making and the lowest paid workers in those companies are making is increasing. And there’s no doubt that after 30 or 40 years of a war on poverty, we still have a great deal of poverty in the United States and we are the wealthiest country in the world. Clearly in other countries in the world, in the developing countries, emerging countries, the poverty level is far greater than even here. I’m not sure that increasing taxes on private equity is gonna solve all these problems. I do believe, though, that Congress needs to look at how to reform the tax code in ways that does make everything work a little bit more fairly. For example, right now the tax code is 10,000 pages or more. It’s virtually incomprehensible. At our firm, the former head of the IRS is . . . is an employee, and he cannot fill out his own tax returns. And I doubt if any former head of the IRS or current head of the IRS can fill out their own tax returns because it’s too complicated. I think we need to simplify the system much better. And I think with simplification would come greater equity. That’s one of the things we should do. But there’s no doubt that the income disparity in our country has increased, and we should do some things to deal with it as soon as we can. Recorded on: 9/13/07

Rubenstein thinks we should simplify the tax code.

Harness the Power of Calm

Tap into the "Rest and Digest" System to Achieve Your Goals

Big Think Edge
  • In the fast-paced workplaces and productivity-focused societies many of us inhabit today, it is easy to burnout.
  • Emma Seppälä, a Stanford researcher on human happiness, recommends tapping into the parasympathetic nervous system instead—"rest and digest"rather than "fight or flight."
  • Aiming for energy management rather than time management will give you the resilience you need to excel at the things that really matter in your life and career, rather than living "mostly off" by attempting to seem "always on."

Apple co-founder says we should all ditch Facebook — permanently

Steve Wozniak doesn't know if his phone is listening, but he's minimizing risks.

Photo by Bryan Steffy/Getty Images
Technology & Innovation
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Where the evidence of fake news is really hiding

When it comes to sniffing out whether a source is credible or not, even journalists can sometimes take the wrong approach.

Sponsored by Charles Koch Foundation
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  • When judging whether a piece of media is true or not, most of us focus too much on the source itself. Knowledge has a context, and it's important to look at that context when trying to validate a source.
  • The opinions expressed in this video do not necessarily reflect the views of the Charles Koch Foundation, which encourages the expression of diverse viewpoints within a culture of civil discourse and mutual respect.
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