POLS 242 Lecture Notes - Lecture 1: Economic Inequality, Identity Politics, Political Philosophy
Document Summary
Pension: relies on just having children to reproduce the population. Barney sander - as he promotes free tuition fees: powerful, wealthy population is beginning to control the political system, you work for your next president. Hilary clinton too close to wall street. Donald trump may be rich but did not doing from banking or wall street. Problem: have a few very powerful family, so wealthy they can buy the political class: they pay no tax, has they pay off people and put most of money in. If the wealthy people aren"t paying tax, why should everyone else. Every government has 6 months to get these wealthy people, or they find their way into the system. Turning points *do not needed to know for exam. 1973, 1979 oil shocked: increased inflation as they limited the amount of the market to drive up prices: led to the cost of energy to go up.