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Ian Smith
Ian Smith
Attorney

Why Doesn’t The Left Talk About Immigration’s Impact On Inequality?

Two men are taken into custody by the U.S. Border Patrol near Falfurrias, Texas March 29, 2013. Brooks County has become an epicentre for illegal immigrant deaths in Texas. In 2012, sheriff's deputies found 129 bodies there, six times the number recorded in 2010. Most of those who died succumbed to the punishing heat and rough terrain that comprise the ranch lands of south Texas. Many migrants spend a few days in a

In the September issue of Harper’s, renowned left-wing economist Joseph Stiglitz dresses down million-selling sensation Thomas Piketty for his false diagnosis of America’s yawning income disparity gap. According to Stiglitz, the problem is not a natural outgrowth of the capitalist system, as Piketty contends, but more a part of our “modern deviant” form of capitalism where big corporations privatize profits at the expense of the little guy, example, the post-crisis bailouts. To rectify this, Stiglitz says, we don’t need a “global wealth tax," which Piketty calls for, but merely a “sensible reform of our domestic tax code.” Tinkering with the tax structure, says Stiglitz, would “improve not just inequality” but “joblessness” as well.