that a number of countries that provide similar levels of income to their citizens—the United States, Canada,

European Union nations, Japan, and Australia—have different levels of inequality. The pattern suggests that

countries in this range could choose a greater or a lesser degree of inequality without much impact on

economic output. Only if these countries push for a much higher level of equality, like at point F, will they

experience the diminished incentives that lead to lower levels of economic output. In this view, while a danger

always exists that an agenda to reduce poverty or inequality can be poorly designed or pushed too far, it is also

possible to discover and design policies that improve equality and do not injure incentives for economic output

by very much—or even improve such incentives.

BRING IT HOME

Occupy Wall Street
The Occupy movement took on a life of its own over the last few months of 2011, bringing to light issues that many
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