The Munk Debates will be returning on May 20, 2013 with an excellent debate on economic inequality. The lineup of speakers this year will be George Papandreou (former Prime Minister of Greece) , Newt Gingrich (former Speaker of the US House of Representatives and presidential candidate), Robert Reich (economist), and Arthur B. Laffer (economist) will be tackling one of the core issues of debate in the 21st century.
How should advanced countries respond to growing income inequality? For some the answer is obvious: redistribute the wealth of the top income earners who have enjoyed, for almost a generation, the lion’s share of all income gains. Imposing higher taxes on the wealthy is the best way for countries such as Canada to reinvest in their social safety nets, education, and infrastructure while protecting the middle class. Others argue that anemic economic growth, not income inequality, is the real problem facing advanced countries. In a globalized economy, raising taxes on society’s wealth creators leads to capital flight, falling government revenues, and less money for the poor. These same voices contend that lowering taxes on everyone stimulates innovation and investment, fueling future prosperity.
To advance the public policy debate of our time, the Munk Debates will move the motion:
Be it resolved, tax the rich (more)…