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TheStreet Open House

The Terrible Truth About Income Inequality: Opinion


I believe Washington corruption -- in the pattern of Vladimir Putin -- is driving inequality and sinking family incomes. Higher taxes may catch your family doctor in the near future but politicians will still find a way to exempt their supporters among the very wealthy.

Politicians offering ordinary voters a free ride on taxes, subsidized health care and other enticements are really picking their pockets by giving the country away to the oligarchs.

>>Read More: Is the Comcast-Time Warner Cable Deal Really a Good Idea?

Peter Morici is an economist and professor at the University of Maryland Robert H. Smith School of Business.

At the time of publication, the author held no positions in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

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