The New York Times: Elizabeth Warren wants to stop inequality before it starts
The New York Times, January 3, 2019: Elizabeth Warren wants to stop inequality before it starts
As the Democrats take over the House and Democratic presidential hopefuls begin the slog toward the 2020 primaries, their party is also debating its economic policy vision for the future.
Senator Elizabeth Warren, who just announced that she is forming an exploratory committee for a presidential bid, offers a program that focuses more on what the political scientist Jacob Hacker calls “pre-distribution” — the pretax allocation of economic gains. Pre-distribution focuses on how the seemingly arcane rules of the marketplace — like labor and financial regulation — affect who profits most from economic activity in the first place.