As the first issue of 2020 goes to print, the Democratic candidates running for the US presidency are preparing for the first primary contest of this election year: the Iowa Caucuses. This year, our Letter from America segment will examine issues at the heart of the 2020 campaign. In James Galbraith and Jaehee Choi's contribution, The Politics of American Inequality looks at a topic that has been central to our annual conference and this Forum: rising inequality. Galbraith and Choi postulate that while rising national inequality has had no clear cut effect on the popular vote, rising inequalities within American states have become a decisive factor in determining state-by-state outcomes and thus the presidency.
For more on issues of great debate during the 2020 election campagin in the US, check out Barry Eichengreen's recent contribution, Addressing Inequality: The Wealth Tax. Eichengreen explains the impetus for a wealth tax, considers its possible implementation and whether or not it is an effective tool to address inequality.
Read the Letter from America