money

Bernanke and Rawls..

If you’re looking for a contemporary application of ethical theory, look no further — Bernanke’s argument for higher tax rates uses the same logic as John Rawls — yep, that Rawls.

The gist of it is that higher income folks can afford to pay more taxes — and those taxes have a huge impact on the lowest income earners, while not representing a significant sacrifice for the higher income folks.

The analysis of Rawls here is good — YEA for Paul Krugman!!

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June 5, 2013 · 6:39 pm

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